Date post: | 21-Oct-2014 |
Category: |
Technology |
View: | 58 times |
Download: | 2 times |
An Enterprise Ireland
& IDA Ireland Initiative
Regulatory Change Management using Semantic Technologies
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Funded by:
A Global Perspective
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• “Volume” of regulations • “Variety” of reg. types, jurisdictions … • “Velocity” of Global changes
Image courtesy of Wolters Kluwer
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Source: P. McLaughlin, R. Greene, Mercatus Center, Georges Mason University (2013)
~10 times more
restrictions!
Dodd-Frank implementation: 39% complete as of end 2013 and ongoing
Assist in making sense of the wide and complex spectrum of FS regulations
Provide capability to answer questions such as: List of Obligations in a regulatory document List of Prohibitions in a regulatory document List of provisions related to regulatory area (e.g. AML)
refined by theme (e.g. CDD, reporting) and further refined by provision type (Obligation, Prohibition)
Etc.
Provide the capability to semi automatically identify changes and their impact on the business
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Application Classification Training
FIRO-H
FIR
O-S
FIRO-AML
FIRO-RCM
FIRO
Stack
Multi-label Classifier
SPARQL Endpoint
User Interfaces (xls, etc.)
UK AML
Ontology Population
RDF store
AML
docs
Ontology Engineering
SMEs Regulations
SBVR Vocabulary and Rulebook
Akoma Ntoso
Mapping
FIRO Annotation
STEs
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The Money Laundering Regulations 2007, UK SI 2007 No. 2157
Obligation
Customer
Due
Diligence
Ongoing
Monitoring
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[…]
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Future solutions: •Automated •Human labor “elevated to” verification •Reduced resources
Using Semantic Technologies
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Current solutions: • Manual • Labor-intensive • Resource-intensive
Margin for improvement
Thank you
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