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5th Edition Risk Data Aggregation and Reporting
April 28, 2016 - April 29, 2016
Benchmark Progress on BCBS 239 and asses its ongoing impact on business
The January 2016 deadline for GSIB compliance to BCBS 239 has passed, yet it is clear that there is still a lot of work to be done before full maturity is achieved. As BCBS 239 is guidance and not regulation, interpretation of the principles is highly individual, with banks and regulators communicating bilaterally to determine the level of compliance. While some principles are well understood and already being implemented, others, such as Governance, are still problematic, requiring changes to be made across business lines which affect every area of the bank. The requirements for data to be flexible and adaptable are still open to interpretation, and require both the data and a wide variety of methods for retrieving it. It is important to view BCBS 239 compliance as implementation of good business practice, from which regulatory compliance will follow, and the application of the principles beyond Risk Data offers opportunity for guaranteeing good data quality across the business, allowing vital decisions to be made based on proper, verified data.
- Benchmark the progress made by GSIBs and DSIBs on BCBS 239 and hear from regulators
- Hear how to create and implement a successful data governance structure across the business lines
- Understand the reporting expectations of BCBS 239 and what is meant by the requirements for flexibility and adaptability within a system
- Explore how to extend the principles of BCBS 239 beyond risk data and the benefits of data reforms
Practical Insights from:
- Shaun Rolls, Chief Controller, Nordea
- Jerry Goddard, Director, Risk Data, Santander
- Giancarlo Pellizzari, Head of the Supervisory Statistics Division, European Central Bank
- Nicola Crawford, Deputy Chair, Institute of Risk Management
- Muhammad G Zahid, Senior Project Manager BCBS 239, Riyad Bank
- Michael Vessey, Head of Data Governance, RBC