Ensure Compliance with Data: Create Business Rules
A business rule constitutes an action to ensure that an internal or external regulation is complied with within the organization.
For example, the banking regulation concerning money laundering requires that each banking establishment has up-to-date knowledge of its clients. To apply this obligation, the bank creates a business rule that consists of systematically analyzing the revenue and assets of its client via the transmission of a detailed questionnaire.
HOPEX Data Governance identifies three types of enterprise rule:
• business rule: the definition references business information (eg. concept)
• operational rule: the definition references logical data item (class, entity, data view)
• system rule: references a logical or physical data item (class, entity, table, data view, physical view)
Defining a Business Rule
To create a rule:
1. Click the Compliance > Operational Assurance > Business Rules navigation menu.
2. In the edit area, select the type of rule that you want to create: business, operational or system.
3. Click the New button.
4. In the window that opens, specify the name of the rule and the owner if appropriate.
5. Click OK.
To define content of the rule:
1. Open the properties of the rule.
2. In the Characteristics page, specify the text of the rule and any definitions.
3. In the Application page of the rule specify the means that are used to compliance with regulation selected.
For example, the "APIX" application applies the system rule "RS #1" which ensures implementation of section 3 of BCBS 230.
Rules Report
A report allows you to visualize the content of a rule.
To generate this report:
1. Click the Reports navigation menu.
2. In the edit area, click Create a Report.
3. Search for the "Rules Description" report type.
4. Under the report type, click Create a report.
5. The creation wizard appears.
6. Click Connect.
7. Select the type of rule (business, operational or system) and the rule you want to analyze.
8. Click Connect.
9. Refresh the report.
For each rule selected as input, the report shows:
• its description (comment)
• the regulation or policy schema it implements
• the object that applies it (process for a business rule, application for a system rule...)