Banks can’t get a straight answer on BCBS 239 compliance
Regulators sidestep questions on whether ‘material compliance’ amounts to full compliance
Banks are awaiting guidance from regulators on whether they can be considered in full compliance with risk data-aggregation and reporting principles if their largest units are.
Regulators have been impatient at the pace of progress banks have made on those principles, known as BCBS 239, and have hinted darkly that capital add-ons could be on the cards. Banks with weak risk data can also fail the
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