BCBS 239 - Operational Impacts

Article

BCBS 239 - Operational Impacts

In January 2013, the Basel Committee on Banking Supervision published the BCBS 239 paper: “Principles for effective risk data aggregation and risk reporting”.

Executive Summary

Impacts of the implementation of such principles are significant for “Global Systemically Important Banks” (G-SIBs) as it defines strong requirements in terms of data management. The main objective of this reform is to ensure that data used for risk calculation and reporting have the appropriate level of quality and that the published risk figures can be trusted. This implies that not complying with these principles would jeopardise the trust of the regulators which could lead to capital add-on. At this stage, only G-SIBs are concerned but regulators strongly recommend to apply the same rules for Domestic Systemically Important Banks (D-SIBs), which may lead to wider scope of regulation. The timeline for expected implementation for G-SIBs is the beginning of 2016.

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