changes
Change-Id: Ib12d93fc4dddd1ff1425346da7065f6a2debbedf
Signed-off-by: Neil Mackenzie <neil@birdsoftwaresolutions.com>
diff --git a/aorta.html b/aorta.html
index dcb4776..f7d3eca 100644
--- a/aorta.html
+++ b/aorta.html
@@ -107,12 +107,13 @@
<h3>Open Standards For Testing Regulatory Calculations</h3>
AORTA provides open standards for defining regulatory test scenarios, and regulatory test data and results. <br><br>
+ AORTA is designed to work well with automated testing insfrastructure (continuous integration). <br><br>
AORTA allows non-technical users to have a full understanding of test scenarios and tests, for example risk managers signing off on calculations. <br><br>
AORTA provides lineage from regulatory rulebook text, to regulatory scenarios definitions, via high level functional descriptions of regulations which are easy for domain experts to create. <br><br>
- AORTA provides some standard means for defining input test data. In the first instance two input formats are supported, data that matches BIRD SMCubes format, and data that Matches BIRD's Logical Data Model format. In both cases we describe this data with a version of JSON for easy source control and comparison of versions. <br><br>
+ AORTA provides some standard means for defining input test data. In the first instance two input formats are supported, data that matches BIRD SMCubes format, and data that matches BIRD's logical data model format. In both cases we describe this data with a version of JSON for easy source control and comparison of versions. <br><br>
AORTA provides a standard means for defining expected results, re-using BIRD's DPM descriptions for defining regulatory reports.<br><br>
AORTA provides organised measurable coverage for regulatory tests scenarios.<br><br>
- Different user interfaces can be built on top of this standard, but the artefacts stored to files will always follow the single standard so they can be accessed by different compatible tools.<br><br>
+ Different user interfaces can be built on top of this standard, but the artefacts stored to files will always follow the single json based standard so they can be accessed by different compatible tools.<br><br>
Below is an example of the high level functional description for FRTB curvature interest rate curvature processing. <br><br>
The description acts as a colour coded functional breakdown.<br><br>
diff --git a/index.html b/index.html
index e601170..e6331cc 100644
--- a/index.html
+++ b/index.html
@@ -67,6 +67,7 @@
<ul>
<li><a href="aorta.html">AORTA</a></li>
+<li><a href="tdr.html">Test Driven Regulation</a></li>
</ul>
</div>
</div>
@@ -85,7 +86,7 @@
</div>
<div class="col-md-7 copy animate-box">
- <h1>Test Driven Regulation with BIRD.</h1>
+ <h1>Collaborative testing tools for BIRD.</h1>
</div>
</div>
</div>
@@ -110,28 +111,22 @@
</div>
</div>
<h3>Introduction</h3>
- <p>Eclipse Free BIRD Tools provides open source tools for a test driven regulation approach to the ECB's BIRD project.</p>
- <h3> What is Test Driven Regulation?</h3>
- <p>Test Driven Regulation is an approach where regulatory experts from banks , regulators and vendors collaborate to define openly available test suites for regulatory calculations. <br><br>
- Such test suites contain links to the regulatory text that they are testing.<br><br>
- Banks have the legal responsibility for the calculated numbers that they report to regulators (regardless of who wrote the technical calculations). This means that the testing of regulatory calculations is a task that banks always need to do when regulations and their technical implementations change (which is constantly). Currently each bank does this expensive task separately, creating a huge duplication of effort. <br><br>
- Software vendors can benefit greatly being involved in such collaboration, gaining agreement from users up front on the correct implementation of regulatory calculations. <br><br>
- Regulators can provide clarity on the correct interpretation of regulatory rules by being involved in the collaboration<p>
- <h3> The Rise of Standard Regulatory Data Models?</h3>
- Many regulators now are looking at the use of standard open regulatory datamodels as a way to reduce the burdens of reg reporting on banks. <br><br>
- Open, standard data models, allow the for test driven regulation, and tools for test driven regulation, where domain experts can create test data and expected results for different scenarios, and software vendors can use these standards as the base for calculations. <br><br>
-
- <h3> New Rulebook Standards</h3>
- Many regulators are investigating how rulebooks can be described in ways that enable easier digital interaction.<br><br>
- As the representation of rules change, the general goal of calculations will likely remain the same, particularly those that are already entrenched in a banks management and risk reporting. <br><br>
-Test driven regulation supports the transition of the description of regulatory rules to new formats, in a safe manner. <br><br>
-
-
+ <p>Eclipse Free BIRD Tools provides open source tools to enable collaborative, automated, testing of BIRD. <br><br>
+ Eclipse Free BIRD Tools is based on top of its core component, AORTA (An Open Regulatory Testing Architecture).<br><br>
+ These tools also enable a Test Driven Regulation approach to the growth of the ECB's BIRD data model, and serve as a demonstration of how Test Driven Regulation can be utilised in other regulatory initiatives. <br><br>
+ These tools encourage the growth of the BIRD data model. </p>
+
<div class="row row-pb-md">
<div class="col-md-4 col-sm-4 service-wrap">
<div class="service">
<h3><i class="ti-ruler-pencil"></i> <a href="aorta.html">AORTA</a></h3>
- <p>AORTA (An Open Regulatory Testing Architecture) provides an open standard for test driven regulation, with an initial focus on using the ECB's BIRD data model. It also provides a set of open source tools using the standard.</p>
+ <p>AORTA (An Open Regulatory Testing Architecture) provides an open standard for collaborative automated testing of regulatory calculations, with an initial focus on using the ECB's BIRD data model. Eclipse Free BIRD Tools provides a set of open source tools using the standard.</p>
+ </div>
+ </div>
+ <div class="col-md-4 col-sm-4 service-wrap">
+ <div class="service">
+ <h3><i class="ti-ruler-pencil"></i> <a href="tdr.html">Test Driven Regulation</a></h3>
+ <p>Test Driven Regulation is an approach where regulatory experts from banks , regulators and vendors collaborate to define openly available test suites for regulatory calculations.</p>
</div>
</div>
diff --git a/tdr.html b/tdr.html
new file mode 100644
index 0000000..f380b3c
--- /dev/null
+++ b/tdr.html
@@ -0,0 +1,173 @@
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+<li><a href="aorta.html">AORTA</a></li>
+<li><a href="tdr.html">Test Driven Regulation</a></li>
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+ <h1>Test Driven Regulation.</h1>
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+ <h3> What is Test Driven Regulation?</h3>
+ <p>Test Driven Regulation is an approach where regulatory experts from banks , regulators and vendors collaborate to define openly available test suites for regulatory calculations. <br><br>
+ Such test suites contain links to the regulatory text that they are testing.<br><br>
+ Banks have the legal responsibility for the calculated numbers that they report to regulators (regardless of who wrote the technical calculations). This means that the testing of regulatory calculations is a task that banks always need to do when regulations and their technical implementations change (which is constantly). Currently each bank does this expensive task separately, creating a huge duplication of effort. <br><br>
+ Software vendors can benefit greatly being involved in such collaboration, gaining agreement from users up front on the correct implementation of regulatory calculations. <br><br>
+ Regulators can provide clarity on the correct interpretation of regulatory rules by being involved in the collaboration<p>
+ <h3> The Rise of Standard Regulatory Data Models?</h3>
+ Many regulators now are looking at the use of standard open regulatory datamodels as a way to reduce the burdens of reg reporting on banks. <br><br>
+ Open, standard data models, allow the for test driven regulation, and tools for test driven regulation, where domain experts can create test data and expected results for different scenarios, and software vendors can use these standards as the base for calculations. <br><br>
+
+ <h3> New Rulebook Standards</h3>
+ Many regulators are investigating how rulebooks can be described in ways that enable easier digital interaction.<br><br>
+ As the representation of rules change, the general goal of calculations will likely remain the same, particularly those that are already entrenched in a banks management and risk reporting. <br><br>
+Test driven regulation supports the transition of the description of regulatory rules to new formats, in a safe manner. <br><br>
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