Fed to use CCAR to push BCBS 239 compliance

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

federal-reserve-hq
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

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