Risk: What exactly do the principles cover? Should they be seen as a prescriptive set of best practices? Richard Petti, Asset Control: They are a set of guidelines, developed to help the industry help ...

Almost a decade after publishing its BCBS 239 principles on data aggregation and reporting, banks are at different stages in aligning with these principles, according to a BCBS report published today.

The Basel Committee on Banking Supervision (BCBS) report on the progress of compliance with its BCBS 239 risk data aggregation principles, which was issued in January, includes a statement that global ...

The industry seeks more guidance on BCBS 239 risk data aggregation principles, and looks at ways to manage data to follow the principles. Only users who have a paid subscription or are part of a ...

The principles laid out in BCBS 239 set a high standard for risk data aggregation and reporting as well as a rather challenging timeline for implementation. At a minimum, BCBS 239 raises the standard ...

Regulatory reporting requirements in the financial services industry are proliferating. In addition to a growing number of reports, regulators seek more detailed information from financial ...

The last financial crisis has taught us many lessons, with one of the most significant being the importance of data risk management. And while the BCBS 239 paper’s 2016 deadline feels like a concern ...

Published in January 2013, the Basel Committee on Banking Supervision document BCBS 239, Principles for Effective Risk Data Aggregation and Reporting, has its roots in the crisis, when supervisors ...