The Basel Committee's BCBS239 principles, also known as PERDARR (Principles for Effective Risk Data Aggregation and Risk Reporting), comes in to force from 1 January 2016.

Data aggregation is a well-known and well understood challenge in the banking industry. The investment to improve IT infrastructure, data integrity and completeness, together with reporting capabilities can be vast.

The ability to accurately aggregate risk data and operate a robust data framework is fundamental for anticipating as well as mitigating future issues.

BCBS239 – A Single Source of Truth

To meet the challenges of BCBS239 Risk Data Aggregation & Risk Reporting, banks need to anticipate problems and need a single source of truth to do so. Banks need to be able to make sound judgements based on the best available data, in order to enhance both risk management and strategic decisions, reduce the probability of losses and in turn increase profitability.

This AutoRek whitepaper answers the following questions:

  • Why do you Need BCBS239?
  • What are the Principles of BCBS239?
  • How do you Solve the Comprehensive Risk Aggregation Challenges?

 

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