The Long Road to BCBS 239 – Are We There Yet?

Richard BennettBasel, BCBS239, FRC WorkbenchLeave a Comment

The long road to BCBS 239

When the Basel Committee on Banking Supervision unveiled the BCBS 239 principles for risk data aggregation and risk reporting (RDARR) back in January 2013, its ambitious nature sparked controversy within the financial industry. The stringent requirements and significant changes it demanded, particularly for institutions with complex and fragmented data systems, raised concerns about practical implementation. On top of this, the … Read More

Exploring the Global Impact of the 2023 US Banking Crisis

Richard BennettBasel III, BCBS239, IRRBB, Market Risk, RegulationLeave a Comment

US banking crisis blog image

It is around a year since Silicon Valley Bank, Signature Bank, and First Republic failed, and while its effects were by no means as far reaching as those in the global financial crisis over 15 years ago, it has sent substantial repercussions throughout the industry, its regulators, and governing bodies. Here, we take a look at some of the global … Read More