BCBS 239 – The “Data-Fitness” Hurdle


Banking Alert | BCBS 239 – The “Data-Fitness” Hurdle

In May-June 2018, the European Central Bank (ECB) and the Basel Committee on Banking Supervision (BCBS) published reports on the progress of the largest, internationally active banks towards compliance with the BCBS Principles for Effective Risk Data Aggregation and Reporting – known as BCBS 239.

Whilst both reports approach the topic from different angles, the similarities in their findings are striking and paint a scenario where, two years after the original compliance deadline, gaps are still significant and widespread.

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