Compliance Management in Financial Industries (eBook)

Mathias Eggert is researcher at ERCIS - European Research Center for Information Systems. He received a scholarship from Siemens Business Services, Germany and worked for Siemens in Germany and Taiwan. Konrad Adenauer Foundation funded his current research work. His research is focussed on business process management and data warehouse design. Furthermore he is interested in investigating the collaboration of IS and legal experts in regulatory-driven IT projects.

Foreword 5
Acknowledgments 6
Contents 8
Abbreviations 10
1 Introduction 12
1.1…Motivation 12
1.2…Research Questions 14
1.3…Book Structure 15
2 Research Background 17
2.1…Compliance Management and Regulatory Requirements 17
2.2…Regulatory Environment of Banks 19
2.2.1 Regulatory Business Process Requirements 19
2.2.2 Supervisory Reporting Requirements 20
2.3…Business Process Modeling 22
2.4…Business Process Compliance Analysis 23
2.4.1 Requirements for Compliance Checking Approaches 24
2.4.2 Design-Time Compliance Checking 24
2.4.3 Run-Time Compliance Checking Approaches 26
2.4.4 Backward Compliance Checking 26
2.5…Data Warehouse Development 27
2.5.1 Data Warehouse Concepts 27
2.5.2 Data Warehouse Development Process 28
2.6…Multisensory Law and Legal Visualization 30
2.7…Regulatory Requirements Engineering 31
3 Research Design 33
3.1…Design Science Research 33
3.2…Complementary Research Methods 35
3.3…Research Process and Outcome 38
3.3.1 Compliance Management and Information Systems 38
3.3.2 Business Process Compliance 38
3.3.3 Reporting Compliance 39
3.3.4 Collaboration of IS and Legal Experts 39
4 Research Results 41
4.1…Compliance Management and Information Systems 41
4.1.1 Framework for Model-Based Compliance Management 43
4.2…Business Process Compliance 44
4.2.1 State-of-the-Art 45
4.2.2 Model-Based Business Process Compliance Analysis Approach 47
4.2.3 Evaluation Method for Business Process Compliance Analysis Approaches 54
4.2.4 Relevance and Acceptance of the Developed Compliance Checking Approach 56
4.3…Reporting Compliance 59
4.3.1 Challenges of Regulatory Reporting Requirements for Conceptual Modeling 60
4.3.2 Development of a Modeling Technique for Regulatory Reporting Requirements 62
4.3.3 Modeling Tool for Regulatory Reporting Requirements 70
4.3.4 Application 74
4.4…Collaboration of IS Experts and Legal Experts 77
4.4.1 Relationship of IS and Law from a Practical Perspective 78
4.4.2 Relationship of IS and Law from an IS Research Perspective 80
4.4.3 Research Portal 82
5 Discussion and Outlook 84
5.1…Contributions to Research and Practice 84
5.1.1 Identification of the Influence of Regulation on IS Design (RQ1) 84
5.1.2 Improving the Efficiency and Effectiveness of Business Process Compliance Checking (RQ2) 86
5.1.3 Improving the Effectiveness and Efficiency of Conceptualizing Regulatory Reporting Requirements (RQ3) 87
5.1.4 Conceptualizing and Supporting the Collaboration of IS and Legal Experts (RQ4) 89
5.2…Limitations 90
5.3…Outlook 91
References 94