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The Challenge:
In order to stay ahead of international regulatory best practices, the Securities Commission of The Bahamas (鈥淪CB鈥�) sought to implement a highly automated risk-based supervision (鈥淩BS鈥�) platform that facilitates the efficient supervision of its regulated entities and enables operational agility to better respond to regulatory disruption.
The Approach:
乐鱼（Leyu）体育官网 in the Bahamas approach was to create a RBS platform with:
- A robust methodology and framework that allowed consistent quantitative and qualitative analyses.
- Dynamic benchmarking and the integration of external data sources to facilitate the comprehensive risk rating of regulated entities and sectors.
- A user-friendly reporting front-end to visualize actionable insights.
The Outcome:
乐鱼（Leyu）体育官网 in The Bahamas acted as advisor to SCB in the development of the RBS and provided the following services:
- Conducted a gap analysis to identify fundamental weaknesses and evaluate SCB鈥檚 RBS-F readiness.
- Designed and developed a framework that suited SCB鈥檚 mandate, existing operations, and workflows.
- Implemented an extract, transform and load solution using 乐鱼（Leyu）体育官网 鈥淪ofy鈥� which integrates disparate data sources and provides a web- front end to manage data capture and warehousing.
- Developed and deployed the RBS and coordinated stakeholder workshops and market briefings.
With the RBS鈥檚 automated workflows and streamlined operating procedures, SCB can use its supervisory resources more efficiently and better prioritize regulatory activities.
