What BCBS 239 Means for the Industry
Dan DeFrancesco looks at the impact BCBS 239 will have on the industry.
Whenever the topic of BCBS 239, the Basel Committee on Banking Supervision's set of guidelines regarding risk data aggregation and reporting, people immediately tend to jump to the looming January 2016 deadline.
It's understandable why that's the focus of so many. The deadline for global systematically important banks (G-Sibs) to meet the principles put forth by BCBS is less than a year away, and a January progress report published by the Basel Committee stated 14 G-Sibs indicated they would not
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