On the Road to Regulatory Ontologies

Interpreting Regulations with SBVR
  • Elie Abi-Lahoud
  • Leona O’Brien
  • Tom Butler
Part of the Lecture Notes in Computer Science book series (LNCS, volume 8929)

Abstract

Regulatory compliance has proved to be difficult and time consuming across business domains. In Financial Services, the wide and complex spectrum of regulations calls for machine assistance in making sense of, and in consuming, the regulatory text. Semantic technologies, and Ontologies in particular, bring new solutions to the challenges in consuming financial services regulations that traditional technologies fell short in addressing. Current state-of-the-art related work is silent on the role of Legal/ Regulatory Subject-Matter-Experts in building these ontologies. This paper presents an on-going study on creating regulatory ontologies. It describes a Subject-Matter-Expert-centric approach to collaborative development of regulatory ontologies using structured natural language, Semantics of Business Vocabulary and business Rules (SBVR) in particular.

Keywords

Regulatory Ontology Structured Natural Language SBVR Financial Industry Regulations Semantic Technologies Subject Matter Experts Common Vocabulary Complex Regulations 

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Copyright information

© Springer-Verlag Berlin Heidelberg 2014

Authors and Affiliations

  • Elie Abi-Lahoud
    • 1
  • Leona O’Brien
    • 1
  • Tom Butler
    • 1
  1. 1.Governance, Risk and Compliance Technology CentreUniversity College CorkCorkIreland

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