From business process to stress-test
EIOPA Data Governance Concept
8th IFC Conference,Basel, 8-9 September 2016
The views expressed in this presentation are those of the author and do not necessarily reflect those of the EIOPA.
2
About EIOPA:
• EIOPA is part of a European System of Financial Supervisors that comprises three European Supervisory Authorities, one for the banking sector, one for the securities sector and one for the insurance and occupational pensions sector, as well as the ESRB.
• EIOPA's core responsibilities are to support the stability of the financial system, transparency of markets and financial products as well as the protection of policyholders, pension scheme members and beneficiaries.
• EIOPA is commissioned to monitor and identify trends, potential risks and vulnerabilities stemming from the micro-prudential level, across borders and across sectors.
3
Defining Operational
Structure (Rev. 1)
Implementation Plan
Defining Change Portfolio (Rev. 1)
and its Implementation Plan
Time DD.MM DD.MM DD.MM DD.MM DD.MM
(HR, Finance, Procurement, Legal, Data, IT) services processes & procedures (COBIT, ITIL, CMMI)
Defining changes required in
the Business Processes (As-Is)
to implement Business Strategy
(Rev. 1)
Business Strategy Implementation Roadmap
Project Management
Implementation
Programmes
and ProjectsDefining
Data Architecture
Implementation Plan
Defining changes required in
Organisational Structure
(As-Is) to implement Business
Processes (Rev. 1)
Defining changes required in
Data Architecture (As-Is)
to implement Business
Processes (Rev. 1)
Defining
Data Architecture
implementing (Rev.1)
Business Processes
Defining
Data Strategy
(Rev. 1)
Defining
Business
Strategy
(Rev.1)
Reviewing
Business
Strategy
(As-Is)
Implementing
Business
Strategy
(As-Is)
Reviewing
Business
Strategy
(Rev.1)
Implementing
Business Strategy
(Rev.1)
Defining
Business
Strategy
(Rev.1)
Defining
Operational Structure
implementing (Rev.1)
Business Processes
Defining
OperationalStrategy
(Rev. 1)
Defining IT
Architecture (Rev. 1)
Implementation Plan
Defining changes required in
IT Architecture (As-Is)
to implement Business
Processes (Rev. 1)
Defining
IT Architecture
implementing (Rev.1)
Business Processes
Defining
IT Strategy
(Rev. 1)
4
EIOPA Architecture
Processes are split into 3 different categories:
• Management Processes;• Support Processes;• Core-Business Processes
5
EIOPA Core Business Process Map
6
7
Strategic objective
• Implementing secure, trustful (high quality)
and efficient data governance framework
adaptable to permanently changing
environment was recognised as the strategic
objective, enabling delivery upon its mandate
defined in the founding regulation.
8
MilestonesDefinition phase
• 1 January 2011 EIOPA founded
• October 2011 EIOPA BoS approves HL Business Processes Map
and Data & IT Strategy based on the BPM
• November 2012 Design phase of the concept finalised
• September 2013 Central Repository Architecture and its first
components released
• March 2014 Finalisation of the Data Justification project:
EIOPA BoS approves the full scope of the SII
individual data to be forwarded by NCAs to EIOPA
• September 2014 Guidelines mandating use of LEI in reporting to
EIOPA adopted by the EIOPA BoS
9
DPM
Qualitative
Reports
Solvency II
Quantitative
Reports
Financial
Stability QFT
XBRL Taxonomy
EIOPA
Central Repository
XBRL
Validation
Engine
Data for the
Registers
RDMMNCAs
ECB
CSDB
ETL
Central
Repository
ETL
2. V
ali
da
tio
n
Data-
marts
BI and
Datamarts
Registers:
Insurance Undertakings, Pension Funds, Groups,
Conglomerates, Pension products, IROPs Prudential Provisions
3. V
ali
da
tio
n
ETL
ETL
ETL
MARKET
EIO
PA
HU
B
& W
EB
PO
RT
AL
TE
ST
A
NE
TW
OR
K
1. V
ali
da
tio
n
Market data
providers
Feedback to NCAs
EIO
PA
HU
B O
NL
YStaging
Reporting
Data
Register
Data
Pre-
staging
DPM db
Market
Data
Logical Architecture
10
MilestonesImplementation phase
• Year 2015 - Solvency II Preparatory Phase;
o June 2015:– Annual reporting by undertakings under the Solvency II
Preparatory Phase with reference to 31/12/2014
o November 2015: Quarterly reporting by undertakings under Solvency II
Preparatory Phase with reference to 30/09/2015
• 1 January 2016 – Application of the Solvency II regime;
o 13 June 2016 – First prudential reporting by undertakings under Solvency
II with reference to the first day of application
23 June 2016 – BREXIT vote
• 27 June 2016 – Risk Update post UK referendum shared with EIOPA
members, providing with: i. Market reactions, ii. Horizontal assessment
of GBP exposures, iii. Insurance stress test, iv. Implications RFR
Tel: +49 69 95 11 19-337Mobile: +49 151 46 10 13 70
www.eiopa.europa.eu
Questions?
Please, contact me at:
Thank you!
Katarzyna Wojtkiewicz
