If you are a Risk.net subscriber you are entitled to 20% off your Risk books purchases. Please email enquiries@riskbooks.com for more information.
As part of your Risk.net subscription you are entitled to 20% off all of your Risk Books purchases. If you would like to place an order please email enquiries@riskbooks.com
BCBS 239
Guiding Principles for Compliance
Discipline: Regulation
First published:
ISBN: 9781782723264
In 2013 the Basel Committee on Banking Supervision published “The Principles for Effective Risk-Data Aggregation and Risk Reporting”. These principles, which became BCBS 239, were designed to remedy the risk data aggregation and risk reporting failings exposed during the financial crisis, and to deliver greater clarity and quicker information. The ambition of the Committee was to empower banks and financial institutions to facilitate better decision making. It took effect from January 2016, introducing a set of 14 best-practice principles spread across four closely related topics: overarching governance and infrastructure, risk data aggregation capabilities, risk reporting practices, and supervisory review, tools and cooperation.
Contents
Introduction
Risk Data Aggregation and Risk Reporting: A Regulatory Perspective
A Regulatory Perspective
Delivering Compliance: Challenges and Opportunities
BCBS 239 at Commerzbank: Applying a Central Standards/De-central Implementation Approach
Data Governance: Embedding a Data Governance Process
What is the Problem with Risk Data, and How Can Executive Data Governance Address it?
Data Architecture and Aggregation
Managing Data Quality: Completeness, Accuracy and Timeliness