An Approach to Improvement of Information Integrity in Key Areas of Portfolio Management

Authors: Victoria A. Bakhtina

Abstract:

At a time of growing market turbulence and a strong shifts towards increasingly complex risk models and more stringent audit requirements, it is more critical than ever to maintain the highest quality of financial and credit information. IFC implemented an approach that helps increase data integrity and quality significantly. This approach is called “Screening". Screening is based on linking information from different sources to identify potential inconsistencies in key financial and credit data. That, in turn, can help to ease the trials of portfolio supervision, and improve overall company global reporting and assessment systems. IFC experience showed that when used regularly, Screening led to improved information.

Keywords: Information Integrity, Information Quality, Business Rules, Portfolio Management

Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1078076

References:

[1] B. von Halle, "Business Rules Applied. Building Better Systems Using the Business Rules Approach," Wiley, 2002
[2] Business Rules Group , "Defining Business Rules:What are they Really?, 2011 " web: http://www.businessrulesgroup.org/first_paper/br01c0.htm
[3] V. Bakhtina, J. van Bilsen Screening: An Efficient Path to Smarter Portfolio Management, IFC Smart Lesson brief, IFC internal publication: October 2011