BCBS 239 Implementation
The objective of BCBS 239 is to help banks improve risk data aggregation capabilities by using the 14 principles designed to strengthen the capacity of banks to aggregate risk data and improve reporting practices of risk within institutions. Out of the 14 principles- 3 principles are for supervisors and other 11 principles are for the banks.
The scope of these principles applies on:
- Market Risk
- Counter-party Credit Risk
- Liquidity Risk
- Operational Risk and Conduct Risk
- Internal Risk Management Process
- And impact on overall Economic Capital and Capital Adequacy through the above said risks
The main goals being to encourage banks to:
- Improve the IT infrastructure used for key reporting, including the board of directors and senior management
- Improve risk management and decision-making through their institutions and entities
- Reduce losses from potential weaknesses in the risk management
- Improve the speed of information availability
- Improve the quality of strategic planning and capacity to manage risks related to developing new products and services. Including the robustness in the event of new products and activities, or changes in group structure
- Going forward, there will be many new and emerging requirements which drive change to risk data – and these vary between jurisdictions.
These objectives shall require organization-wide changes in how banks handle their risk data governance, data flow & lineage and data architecture including the ones on conceptual, logical and physical design level. This will require a broad program definition for data management transformation and would need to be broken down into achievable components. Bank will be required to develop a change management plan for both process changes within the bank and the technology changes, across divisions. The plan once executed successfully shall help banks in increasing operational efficiency, profitability, and competitiveness. Thus banks need a “Risk Data Aggregation and Reporting program” that aims at responding to the new regulation.
REQUEST A CALL BACK FOR IT SOLUTION
Trusted Clients
Amazing Experience
"We worked with BIZENIUS for our Fresh Graduates Program thru one of our clients. I must say that they are simply amazing. At each step of the sessions, Knowledge Transfer and Practical Learning were emphasized upon, with daily evaluations to verify learning. Happy to say that we are so happy that our partners chose BIZENIUS to deliver this critical session for us. Looking to work together in future."
Sustainable Relationship with BIZENIUS
“It is always a pleasure to work with BIZENIUS. We have been partnering with BIZENIUS since 2016 and we see improvements with each session. The courses are highly Interactive, and their lecturer’s makes it easy to understand the materials. We look forward to working with BIZENIUS on a variety of courses. We are happy with the way this relationship has evolved.”
Practical Approach, Hand on Learning.
“BIZENIUS organized NEBOSH Oil and Gas Certificate for us. The sessions in the preparatory training were well complimented with real life case studies and practical examples. We enjoyed the 5 days training session leading up to the examination. Everything was organized with meticulous details to ensure a great learning experience and success at the examination. Thank you.”
Relevant and Well Organized.
“The training was very well organized. The content was very relevant to my role. The interactive discussion was encouraged, and the trainer was also very knowledgeable of the subject matter. I would recommend this training to all who are involved at some stage of Risk, ICAAP or ILAAP.”
