About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

BCBS 239 and Beyond: Avoid the Traps and Navigate the Changing Landscape

Subscribe to our newsletter

The incoming Head of the Financial Conduct Authority (FCA), reiterated the significance of The Senior Management Regime (SMR), which became law on 7th March. This gives executive management legal responsibility for their decisions.

BCBS 239 regulates assembly of data used for these decisions. Individual managers are accountable for decisions they take and for ensuring data is fit for purpose. The FCA state: “Managers cannot delegate responsibility”.

BASEL III/CRR/CRD/COREP/FINREP reporting places heavy demands on data governance and architecture in terms of risk data aggregation and reporting for critical decisions.

From governance and architecture perspectives, these demands pale in comparison to the rigour required for Data Privacy and Information Security legislation to be implemented in 2017/2018. The personal and financial penalties are enormous:

  • Corporate fines of up to 4% of global turnover
  • Personal fines, disbarring from the industry and criminal sanctions

It is essential that all staff producing, transforming, consuming or controlling data are aware of the Principles and their role in the chain of producing quality data.

The EDMworks BCBS 239 Key Facts and Impacts eLearning course can be taken at your convenience. Click the following link to find out more: https://lms.edmworks.com/mod/page/view.php?id=605

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Generative and Agentic AI in Financial Markets: What the Data Really Shows

Date: 15 October 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Artificial intelligence is reshaping financial markets – but the reality on the ground is more nuanced, more uneven, and more instructive than the headlines suggest. A new A-Team Insight research programme, drawing on responses from senior AI decision-makers at...

BLOG

ESMA Pushes ‘Report Once’ Model for EU Reporting

The European Securities and Markets Authority (ESMA) has advanced two major strands of its reporting simplification agenda, setting out a proposed integrated reporting framework for investment funds while opening the next phase of work on streamlining transaction reporting across Markets in Financial Instruments Regulation (MiFIR), European Market Infrastructure Regulation (EMIR) and Securities Financing Transactions Regulation...

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

AI in Capital Markets Handbook 2026

AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied...