Compliance Management in Financial Industries

A Model-based Business Process and Reporting Perspective

verfasst von: Mathias Eggert

Verlag: Springer International Publishing

Buchreihe : SpringerBriefs in Information Systems

Enthalten in: Springer Professional "Wirtschaft+Technik" , Springer Professional "Technik" , Springer Professional "Wirtschaft"

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Über dieses Buch

Since the peak of the world financial crisis in 2008, compliance management has gained more and more interest from practice and research. In particular the financial service industry is strongly regulated and has to follow specific laws, standards and guidelines. Considering the steadily increasing number of legal requirements in the design of information systems is a challenge to financial service providers. This book investigates the challenges of compliance management in financial industries and provides solutions for a compliant design of information models. From a business process perspective, an approach is presented that enables the automatic checking of business process models. From a supervisory reporting perspective a modeling technique is presented that allows for modeling regulatory data warehouse requirements as well as its analysis. Besides these two perspectives the author provides insights into the perceived relationship of Information Systems and Law.

Inhaltsverzeichnis

Frontmatter

Chapter 1. Introduction

Abstract

Since the U.S. American bank Lehman Brothers ran into bankruptcy on September 15th 2008, global economy was pushed into a heavy recession. Two main reasons for this financial crisis were broadly discussed: an extremely unregulated stock and securities trading market as well as very leisurely equity regulations (Acharya and Richardson 2009; Crotty 2009).

Mathias Eggert

Chapter 2. Research Background

Abstract

The body of regulation for financial service providers increases steadily and even faster after the world financial crisis of 2008. Corresponding regulation initiatives aim at closing gaps which the financial crisis has exposed (Brunnermeier et al. 2009). Two major streams of compliance requirements for financial institutes exist. One stream focuses on the proper design and execution of business processes (business process compliance), while the other stream focuses on bank supervision and financial reporting requirements. Both types of regulatory requirements need to be addressed by compliance management activities.

Mathias Eggert

Chapter 3. Research Design

Abstract

The IS research discipline is characterized by two major research paradigms: behavioral science and design science (Hevner et al. 2004). While behavioral science aims to develop and evaluate theories regarding the behavior of humans and organizations, design science aims to develop new and innovative artifacts (Hevner et al. 2004; March and Smith 1995; Winter 2008). The research work at hand predominantly follows the design science research paradigm (Peffers et al. 2007) for structuring the research process.

Mathias Eggert

Chapter 4. Research Results

Abstract

Revisiting a model-based perspective on compliance management enforces the necessity to identify the relevance of models and its analysis for the purpose of managing regulatory requirements for IS. Following the first research question, this section aims to investigate the influence of regulation on model-based information system design (RQ1). This research objective is fulfilled by investigating the influence of regulation on the organization and management of IS (Eggert et al. 2013b). Furthermore, the results motivate the development of a classification framework for model-based research artifacts for compliance management (Becker et al. 2012c).

Mathias Eggert

Chapter 5. Discussion and Outlook

Abstract

Four research questions (RQ1–RQ4) drive the contributions of this book. Figure 5.1 provides an overview of the research areas, the developed solutions and research findings as well as the contributions to research (indicated by a black circle) and practice (indicated by a black diamond). In the following discussion, all contributions are referenced by the corresponding number (CR1–CR28 and CP1–CP14).

Mathias Eggert

Backmatter

Titel: Compliance Management in Financial Industries
verfasst von: Mathias Eggert
Verlag: Springer International Publishing
Electronic ISBN: 978-3-319-03913-8
Print ISBN: 978-3-319-03912-1
DOI: https://doi.org/10.1007/978-3-319-03913-8