What is BCBS 239?

icon_13BCBS 239 is a regulation of the Basel Committee on Banking Supervision titled:*

"Principles for effective risk data aggregation and risk reporting"

 

 

Structure of BCBS 239**

I. Overarching governance and infrastructure

1. Governance

2. Data architecture and IT infrastructure

II. Risk data aggregation capabilities

3. Accuracy and integrity

4. Completeness

5. Timeliness

6. Adaptability

III. Risk reporting practices

7. Accuracy

8. Comprehensiveness

9. Clarity and usefulness

10. Frequency 11. Distribution

IV. Supervisory review, tools and cooperation

12. Review

13. Remedial actions and supervisory measures

14. Home/host cooperation

V. Implementation timeline and transitional arrangements

Principles for effective risk data aggregation and risk reporting" (PDF). p. 11, paragraphs 14 and 15. Retrieved 11 July 2016.

** "Principles for effective risk data aggregation and risk reporting" (PDF). p. 13-23. Retrieved 11 July 2016.