A Regulatory Perspective

Carl Taylor

This chapter will summarise the progress made by banks in implementing the Basel Committee on Banking Supervision (BCBS) 239 principles for effective risk data aggregation and risk reporting, highlighting key challenges they have faced, and some key considerations that banks should bear in mind to ensure their effective implementation. This chapter should therefore be useful for those banks that have lately been designated as global systemically important banks (G-SIBs) or domestic systemically important banks (D-SIBs) and now fall within the scope of the principles, so that they can learn from the experiences of other banks and regulators.

This chapter will examine:

    • the rationale behind the principles;
    • progress that banks falling within the scope of the principles have made in their implementation;
    • some of the key challenges that banks have faced in implementing the principles; and
    • important considerations that banks should bear in mind to ensure their effective implementation of the principles:
    • accountability and ownership;

    • linkage to benefits and outcomes;

    • importance of a business as usual (BAU) process

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