2020/04/29

The Basel Committee on Banking Supervision (BCBS) published its latest progress report on banks' implementation of the principles for effective risk-data aggregation and reporting (BCBS 239), based on the results of a self-assessment survey of authorities with supervisory responsibility for global systemically important banks (G-SIBs). Covering 34 G-SIBs designated during 2011-2019, the assessment considers developments at banks and qualitative information regarding the implementation of the principles as of the end of 2018. None of the banks are fully compliant in terms of the necessary data architecture and, for many, IT infrastructure remains difficult. However, tangible progress has been made in governance, risk data aggregation capabilities and reporting practices.

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