Banks falling behind on Basel risk data principles

Satisfying the Basel Committee’s principles on risk data aggregation is proving tough, and at least 10 large banks do not expect to meet the 2016 deadline. They complain the principles are not specific enough and are calling for supervisors to take a more flexible approach. Clive Davidson reports


Banks are clearly trying, but they could and should do better. That is the conclusion of the Basel Committee on Banking Supervision in its recent analysis of the progress made by global systemically important banks (G-Sibs) towards a key set of principles on risk data aggregation and risk reporting. Published on December 18, it was a distinctly lukewarm end-of-year report card, and it makes it clear that banks have a great deal of work still to do.

The Principles for effective risk data

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