Basel Committee slams banks on data

By Costas Mourselas
30 Mar 2017

The Basel Committee on Banking Supervision (BCBS) slammed global banks on Tuesday after it determined that only one had achieved full compliance with a set of principles aimed at improving risk data reporting.

The Principles for Effective Risk Data Aggregation and Risk Reporting were published in 2013 and included a deadline of January 2016 for 30 globally systemically important banks (G-SIBs) to comply by. Of the 11 principles, there was not one with which all 30 banks successfully complied.

The Committee ...

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