Resources for Basel II Capital Accord (Basel II)

Data Stewardship and Pain

www.b-eye-network.com

Today, data governance is all the rage. With Sarbanes-Oxley and Basel II, corporations must face the fact that corporate data is no longer a luxury, but a necessity. It is ironic that the corporations that had embraced the concept of an enterprise data warehouse (EDW) had the least difficulty in adapting to the new regulatory requirements for data. Conversely, organizations that had rejected and obfuscated the EDW for years had (and are still having) the most problems with Sarbanes-Oxley and Basel II. It is with this background that the need for data governance has been recognized.

There are many facets to data governance. One facet is the day-to-day administration of the data. This includes the tasks of making sure data is loaded properly, making sure that the mechanisms for ensuring transaction and data update are in place and are followed, making sure that data is accessible when it needs to be accessible, making sure that data is available during the promised hours of availability, and so forth.

These activities are necessary to the proper usage and operation of the database environment. For years, these activities have been tended to by the database administrator. But with governance comes another awareness. That awareness is that there is another dimension to the tending and care of data outside of the duties of the database administrator.

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