Principles In Action

Strapline: Industry Warehouse

Richard Petti, Asset Control

Basel III has brought risk data aggregation and reporting into sharp focus at financial institutions. By now, they should be more than familiar with the requirements set out in BCBS 239—“Principles for risk data aggregation and risk reporting.” Risk management and data management can no longer afford to sit in isolation—they must be part of an intertwined framework.

This, however, is rarely the case. The reason meeting BCBS 239 is so difficult is due to the fact that software investments were dr