NRI Offers Japanese Banks Data Management Framework for BCBS 239 Compliance
NRI is partnering with EDM Council to help Japanese firms meet the risk data aggregation requirements of the Basel Committee's guidelines.
NRI will offer EDM Council's Data Management Capability Assessment Model (DCAM) to Japanese firms. DCAM focuses on the more stringent data management requirements of BCBS 239. Currently, NRI is the only authorized partner of the EDM Council.
"To attain the data management capabilities demanded by BCBS 239, firms must establish responsibility and accountability for data ownership across the entire organization," said Harumi Saito, managing director at NRI, in a statement. "DCAM was designed by the EDM Council's data management professionals to address the operational challenges that arise during regulatory implementation. This data management framework will help streamline operations at Japanese institutions as they pursue BCBS 239 compliance."
BCBS 239, titled Principles for effective risk data aggregation and risk reporting, was published in January 2013. All global systematically important banks (G-Sibs) are required to comply with the 14 principles by January 2016.
To read more about BCBS 239 and the challenges banks are facing in complying with it, read the Waters June feature on it here.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
Cyber insurance premiums dropped unexpectedly in 2025
Competition among carriers drives down premiums, despite increasing frequency and severity of attacks
Market participants voice concerns as landmark EU AI Act deadline approaches
Come August, the EU’s AI Act will start to sink its teeth into Europe. Despite the short window, financial firms are still wondering how best to comply.
ICE to seek tokenization approval from SEC under existing federal laws
CEO Jeff Sprecher says the new NYSE tokenization initiative is not dependent on the passage of the US Clarity Act.
Why UPIs could spell goodbye for OTC-Isins
Critics warn UK will miss opportunity to simplify transaction reporting if it spurns UPI.
Re-examining Big Tech’s influence over the capital markets
Waters Wrap: A few years ago, it seemed the big cloud providers were positioning themselves to dominate the capital markets tech scene. And then came ChatGPT.
Pressure mounts on Asia to fall in line for T+1
With the US already on a T+1 settlement cycle, and the UK and EU preparing for the shift in 2027, there’s pressure for Asia to follow suit. But moving may involve more risks than expected.
Brokers must shift HFT servers after China colocation ban
New exchange guidance drives rush for “proximity colo” in nearby datacenters.
Banks split over AI risk management
Model teams hold the reins, but some argue AI is an enterprise risk.
