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BCBS 239: Best Practices in Risk Data Aggregation

Tickets

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Start Time :

July 29 @ 9:00 am

Finish Time :

July 30 @ 5:00 pm

Address :

180 Maiden Lane, Suite 1102 New York,NY10038United States

Event Description

The Basel Committee prepared the ‘Principles for Effective Risk Data Aggregation and Risk Reporting’ in 2013, because in the years leading to the global financial crisis, banks’ information technology and data architecture were inadequate to support prompt and accurate identification and measurement of financial risks such as credit, market, operational, and liquidity risks.

Until the market has proof that banks’ data are accurate, appropriate, complete, and timely, there is little reason to believe stress results and that banks would be sufficiently capitalized in a time of stress.  Additionally, without strong data aggregation, banks’ capital ratios, liquidity and leverage buffers, and the content of living wills cannot be trusted.

FULL COURSE DESCRIPTION