Fed to use CCAR to push BCBS 239 compliance

"The stick they're wielding right now is around CCAR," says SunTrust executive

Supervisors want banks to improve risk data aggregation capabilities

The US Federal Reserve is incorporating the Basel Committee on Banking Supervision's principles for effective risk data aggregation and reporting – known as BCBS 239 – into its 2016 stress tests for large banks and financial institutions.

"The stick they're wielding right now is around CCAR [the Comprehensive Capital Analysis and Review]," says John Marmolino, director of balance sheet strategy at Atlanta-based SunTrust. "They're saying if you have material data weaknesses in either risk or

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here