Fed to use CCAR to push BCBS 239 compliance
"The stick they're wielding right now is around CCAR," says SunTrust executive
The US Federal Reserve is incorporating the Basel Committee on Banking Supervision's principles for effective risk data aggregation and reporting – known as BCBS 239 – into its 2016 stress tests for large banks and financial institutions.
"The stick they're wielding right now is around CCAR [the Comprehensive Capital Analysis and Review]," says John Marmolino, director of balance sheet strategy at Atlanta-based SunTrust. "They're saying if you have material data weaknesses in either risk or
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