Bank data executives split on BCBS 239 sanctions
HSBC's Mavroudis says fines are likely; Mizuho's Alvarez sees a measured response
Bank risk data professionals appear to be divided on the question of whether regulators will levy fines or other penalties, such as capital add-ons, against firms deemed to be non-compliant with the Basel Committee on Banking Supervision's principles for effective risk data aggregation and reporting, known as BCBS 239.
"Everyone's behind their commitments in terms of not only the phases of implementation, but the depth of implementation as well," said Thomas Mavroudis, global head of data
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