Data Aggregation, Risk Reporting, and Enterprise Risk Management

Free GARP FRM Part I lesson in Foundations of Risk Management. 18 min read, ~2,652 words.

BCBS 239 is the Basel Committee's 14-principle framework for risk data aggregation and reporting, mandatory for global systemically important banks (G-SIBs) since 2016. Four principle clusters: governance and infrastructure (1-2), aggregation capabilities (3-6), reporting practices (7-11), supervisory review (12-14). Effective aggregation requires accurate, complete, timely, and adaptable data, pulled from...

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