What is BCBS 239?
What is BCBS 239?
BCBS 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.