BCBS 239

Definition

BCBS 239 is a document published by the Basel Committee on Banking Supervision on January 2013 in the Risk Management category.

Title

Principles for effective risk data aggregation and risk reporting.

Abstract

The financial crisis that began in 2007 revealed that many banks, including global systemically important banks (G-SIBs), were unable to aggregate risk exposures and identify concentrations fully, quickly and accurately. This meant that banks' ability to take risk decisions in a timely fashion was seriously impaired with wide-ranging consequences for the banks themselves and for the stability of the financial system as a whole.

The Basel Committee's Principles for effective risk data aggregation will strengthen banks' risk data aggregation capabilities and internal risk reporting practices. Implementation of the principles will strengthen risk management at banks - in particular, G-SIBs - thereby enhancing their ability to cope with stress and crisis situations.

An earlier version of the principles published today was issued for consultation in June 2012. The Committee wishes to thank those who provided feedback and comments as these were instrumental in revising and finalising the principles.

Document Profile

• Publication Date: January 2013
• Publication Type: Guidelines
• Publication Status: Current
• Publication Category: Risk Management
• Number of Pages: 28
• Keywords: Operational Risk, Bank Resolution, Corporate Governance, Governance, Risk Reporting, Data Aggregation

See Also

• BIS Website: Web Page
• PDF File: Download

Disclaimers

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