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Annual report of the Bank Guarantee Fund
2020
4.7 Verification of data contained in bank
and credit union calculation systems
Banks and credit unions are obliged to
have calculation systems. The calculation
systems, thanks to the computerised process
of determining the value of guaranteed
funds for each individual depositor and
the possibility of providing data to the
Fund, allow a quick calculation of the value
of such funds. These systems organise
the data based on the Single Customer
View standard, allowing to display all the
information on a given client.
The BFG carries out the audits of the data included in the calculation systems of the entities covered by the guarantee scheme,
pursuant to Article 32(1) of the BFG Act. The audits are carried out both at the Fund with regard to the data provided by the data
subjects from the calculation systems and at the premises of the operators on the basis of the provided documentation.
The purpose of the audit is to minimise the risk of preparing a list of depositors with incorrect or incomplete data and
to enable prompt execution of potential disbursements if the guarantee condition is fulfilled with respect to an entity
covered by the guarantee scheme. For this purpose, the adjustment of calculation systems to the appropriate requirements
regarding the scope of data, the manner of their presentation and proper data designations associated with the definitions
of the depositor and guaranteed funds included in the provisions of the BFG Act are verified. In addition, the scale of the
change in the quality of the data in relation to the state identified by the previous audits of the Fund is assessed.
The table below presents information on the number of the audits of the data included in the calculation systems of the
entities covered by the guarantee scheme, executed in 2020.
The Fund periodically analyses the results of audits of the data included in the calculation systems of banks and credit unions.
The analysis of data quality in the calculation systems of entities covered by the guarantee scheme has revealed that they take
measures to improve data quality. Comparing the results of the audits carried out in 2020 to those carried out in these entities
in earlier years, a reduction in errors was identified as a result of, among other things, the information provided by the Fund
following the previous audits, which helped the audited entities to quickly identify and rectify the errors.
Table 9.
Number of data audits conducted in 2020
Type of audit
Commercial banks
Cooperative banks
Credit unions
Total
in the Fund *
10
132
4
146
in the bank/credit union**
0
2
1
3
Total
10
134
5
149
Calculation system
The IT system in a bank or credit union that allows the provision to
the BFG of detailed data on depositors at the bank or the credit union
with the amounts of guaranteed funds calculated for them (Single
Customer View). The details of the calculation systems are specified
in the Regulation of the Minister of Finance of 26 September 2016
on the requirements for the calculation systems maintained in the
entities covered by the statutory guarantee scheme (Journal of Laws
of 2016, item 1642).
*
Audit performed based on automatic audit algorithms and expert analysis of data sets.
**
Verification of the data included in the calculation systems against source documents.
Contents
Annual report of the Bank Guarantee Fund
2020
4.7 Verification of data contained in bank
and credit union calculation systems
Banks and credit unions are obliged to
have calculation systems. The calculation
systems, thanks to the computerised process
of determining the value of guaranteed
funds for each individual depositor and
the possibility of providing data to the
Fund, allow a quick calculation of the value
of such funds. These systems organise
the data based on the Single Customer
View standard, allowing to display all the
information on a given client.
The BFG carries out the audits of the data included in the calculation systems of the entities covered by the guarantee scheme,
pursuant to Article 32(1) of the BFG Act. The audits are carried out both at the Fund with regard to the data provided by the data
subjects from the calculation systems and at the premises of the operators on the basis of the provided documentation.
The purpose of the audit is to minimise the risk of preparing a list of depositors with incorrect or incomplete data and
to enable prompt execution of potential disbursements if the guarantee condition is fulfilled with respect to an entity
covered by the guarantee scheme. For this purpose, the adjustment of calculation systems to the appropriate requirements
regarding the scope of data, the manner of their presentation and proper data designations associated with the definitions
of the depositor and guaranteed funds included in the provisions of the BFG Act are verified. In addition, the scale of the
change in the quality of the data in relation to the state identified by the previous audits of the Fund is assessed.
The table below presents information on the number of the audits of the data included in the calculation systems of the
entities covered by the guarantee scheme, executed in 2020.
The Fund periodically analyses the results of audits of the data included in the calculation systems of banks and credit unions.
The analysis of data quality in the calculation systems of entities covered by the guarantee scheme has revealed that they take
measures to improve data quality. Comparing the results of the audits carried out in 2020 to those carried out in these entities
in earlier years, a reduction in errors was identified as a result of, among other things, the information provided by the Fund
following the previous audits, which helped the audited entities to quickly identify and rectify the errors.
Table 9.
Number of data audits conducted in 2020
Type of audit
Commercial banks
Cooperative banks
Credit unions
Total
in the Fund *
10
132
4
146
in the bank/credit union**
0
2
1
3
Total
10
134
5
149
Calculation system
The IT system in a bank or credit union that allows the provision to
the BFG of detailed data on depositors at the bank or the credit union
with the amounts of guaranteed funds calculated for them (Single
Customer View). The details of the calculation systems are specified
in the Regulation of the Minister of Finance of 26 September 2016
on the requirements for the calculation systems maintained in the
entities covered by the statutory guarantee scheme (Journal of Laws
of 2016, item 1642).
*
Audit performed based on automatic audit algorithms and expert analysis of data sets.
**
Verification of the data included in the calculation systems against source documents.
Contents
