The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

A-Team Publishes BCBS 239 Handbook

As the January 1, 2016 compliance deadline for BCBS 239 approaches, A-Team Group has published a BCBS 239 Handbook dedicated to the regulation and designed to help data management and data governance practitioners implement its 14 principles successfully.

The regulation embodies the post-financial crisis need for effective and efficient risk data aggregation and reporting across the banking sector, and is expected to become more than a compliance challenge as the principles become the norm in financial markets to ensure risk data is fit for purpose. As banks implement BCBS 239, they are expected to develop effective, efficient and robust operating models that support business benefits including better customer experience, simplified systems and processes, improved risk management, reduced costs and capital allocation, and increased profit.

The BCBS 239 Handbook – one of a series of A-Team handbooks covering topics including regulatory data, entity data and Solvency II – provides an overview of BCBS 239 as well as details on its principles, the data management issues it raises, and its requirement for data that is accurate, complete, timely and appropriate. It also covers the regulation’s governance requirements around data, employees, senior managers and board members, and describes best practice for compliance.

Looking to the future, the handbook considers the future of BCBS 239 in terms of its implementation timeline for both global and domestic systemically important banks, and its long-term effect on not only individual banks, but also on the banking sector as a whole. The A-Team BCBS 239 Handbook is sponsored by FactSet Research Systems.

Related content

WEBINAR

Recorded Webinar: Managing LIBOR transition

The clock is ticking on the decommissioning of LIBOR towards the end of this year, leaving financial institutions with little time to identify where LIBOR is embedded in their processes, assess alternative benchmarks and reference rates, and ensure a smooth transition. Some will be ahead of others, but the challenges are significant for all as...

BLOG

To Buy or Build: Four Considerations for CIOs

By: Niall Twomey, CTO, Fenergo. Before embarking on a CLM (Client Lifecycle Management) digital transformation program, most financial institutions (FI) are faced with the ‘buy versus build’ conundrum; to buy something from a third-party vendor or completely build something internally. There are several factors that need to be considered in this decision making process including...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that will be held in June 2021 with an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...