SMART Regulation http://www.omgwiki.org/smartregulation/doku.php Semantic Web Technologies Natural Language, Data Standards, Interchange Formats… Ambiguous Regulation http://www.omgwiki.org/smartregulation/doku.php

SMART Regulation Approach Regulators, Enforcers, Government Agencies, etc. Dodd-Frank, Volcker Rule, Front-Running, Regulation W… SMART Regulation Approach Standards driven precise regulatory language Human and machine readable & interpretable; ambiguity (where pertinent) documented Automation of rules’ impact analysis and execution Standardized reporting & data exchange Regulated Entities, Vendors, Standards Bodies, Academics, etc. Business Applications, IT Systems, Industry Standards, Internal and Public Data Assets Reporting Analytics Key Business Concepts and Regulatory Rules documented and disambiguated in Business Natural Language (BNL) Business Conceptual Ontology (Key Business Concepts impacted by regulation) Machine learning, analysis of regulatory language Meaning & Obligations (What) Categories of SMART Regulation Standards Identifiers Vocabularies Taxonomies Ontologies Data Models Interchange Formats Reporting & Publication Formats Regulatory Rules transformed into technology agnostic Decision Model(s) Standards-based Identifiers, Data Models and Schemas Constraints and pre-conditions Structure & Procedures (How) Standards & Tools (Realization) Standards-based Interchange Formats, Messages Standards based Operational Ontologies, reasoning Standardized Business Reporting