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Basel banking supervision edict stretches banks’ risk data governance

Basel banking supervision edict stretches banks’ risk data governance

November 11, 2016

Banks are under pressure to meet the Basel Committee on Banking Supervision (BCBS) 239: Principles for effective risk data aggregation and risk reporting (RDARR), but it is not easy to get the policy and technical elements right, such as governance and accuracy.

Risk data loads at financial institutions are growing as firms use more powerful analytical technologies to spot opportunities before their rivals, and regulators demand more stress tests, transparency and reporting than ever before.

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