Article

Basel III

Principles for effective risk data aggregation and risk reporting

The objective of the Basel Committee on Banking Supervision 239 paper: ‘Principles for effective risk data aggregation and risk reporting’ 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.

Executive summary

In January 2013, the Basel Committee on Banking Supervision published the BCBS 239 paper: ‘Principles for effective risk data aggregation and risk reporting’. The impact of this is significant for Global Systemically Important Banks (G-SIBs), as it defines strong requirements in terms of data management. The objective of this regulation 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.

At this stage, only G-SIBs are concerned, but it is strongly recommended that regulators apply the same rules for local systemically important banks, which may lead to wider scope of application. The timeline for expected implementation is the beginning of 2016. 

Inside magazine issue 3, February 2014

Inside is Deloitte’s quarterly magazine offering an exclusive insight into best practices, trends and opportunities faced by our clients across all industries.

Inside focuses on the main hot topics relevant for the market (Asset management, Banking, Insurance, Public sector, Healthcare, Private equity, Real estate, TMT, Manufacturing and consumer business, Transport and logistics). 

Inside magazine issue 3
Did you find this useful?