Principles on Risk Data Aggregation and Risk Reporting
BCBS239 Principles were published in 2013 by the Basel Committee on Banking Supervision. There are 11 main principles
I. Overarching governance and infrastructure
- Principle 1. Governance
- Principle 2. Data architecture and IT infrastructure
II. Risk data aggregation capabilities
- Principle 3. Accuracy and Integrity
- Principle 4. Completeness
- Principle 5. Timeliness
- Principle 6. Adaptability
III. Risk reporting practices
- Principle 7. Accuracy
- Principle 8. Comprehensiveness
- Principle 9. Clarity and usefulness
- Principle 10. Frequency
- Principle 11. Distribution
IV. Supervisory review, tools and cooperation
- Principle 12. Review
- Principle 13. Remedial actions and supervisory measures
- Principle 14. Home/host cooperation