Client Needs & Objectives
Client:
Swiss Private Bank under the authority of the Swiss Financial Market Supervision Authority (FINMA)
Situation before the project:
- Main stakeholder had been appointed but project was months behind schedule
- No planning had been performed
- No workload estimation had been computed
- No action had concretely been undertaken to meet the new requirements
Objectives:
The Swiss Financial Market Supervision Authority (FINMA) issued a new regulation regarding measures to be taken to protect Customer Identification Data held by Swiss Banks. In this context our client wanted:
- To obtain support in order to determine what concrete actions had to be undertaken in order to comply to the new rules
- To obtain support in order to plan and organize the implementation project
Our approach
- Obtain a deep understanding of the new regulation
- Define what concrete requirements resulted from the regulation
- Determine the sequence in which actions needed to be undertaken to allow proper implementation
- Determine stakeholders to be involved in the project
- Compute the workload for each step and each stakeholders
- Define milestones for each step
- Organize regular follow-up meetings and Steering Committee
