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Governing risk data aggregation and risk reporting

White Paper Published By: IBM
IBM
Published:  Jul 26, 2017
Type:  White Paper
Length:  6 pages

The risk reporting environment for banks has changed. Regulatory imperatives that were largely driven by the financial crisis of 2007— such as Dodd-Frank, Principles for Effective Risk Data Aggregation and Risk Reporting (BCBS 239) by the Basel Committee on Banking Supervision (BCBS), Comprehensive Capital Analysis and Review (CCAR) and others—are impacting banks around the globe. These imperatives are forcing banks to rethink and reinvent how their systems integrate and how data from across the bank flows into the aggregated risk and capital reports required by regulatory agencies. Banks must be able to convey to agencies that the data is complete, correct and consistent in order to establish that the reports are trustworthy



Tagsrisk mitigation, risk reporting, banking, data aggregation