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BCBS 239 - Unified standards for the risk management

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BCBS 239 - Fundamentals for the efffective aggregation of risk data and the risk reporting

BCBS 239 provides a guideline for the creation of more efficient risk handling concepts, and is initially aimed at the "G-SIB" (Global Systematically Important Banks). Hereby, the goal is to ensure the proper risk report availability based on a consistent and complete aggregation of the risk data, ever since patchy IT architectures were detected within many banks during the financial crisis. Among other things, this deficit prevented the timely recognition of concentrated risks, and thus an appropriate and effective risk management.

The implementation of the regulatory policies by January 1, 2016 is mandatory for the "G-SIB" Group (Global Systematically Important Banks), and is intended to be expanded to "D-SIBs" (Domestic Systematically Important Banks) in the future.

This will provide the concerned banks with a broad range of challenges:

  • Development and establishment of an internal data architecture and IT infrastructure for the risk management
  • Generation of accurate, reliable and complete risk data
  • Automated aggregation of risk data across all corporate group levels
  • Sorting of the risk data according to different categories
    (e.g. business areas, corporate group companies, type of asset)
  • Coordination of risk reports tailored to the requirements of different recipients (such as management, risk committee, supervisory body)
  • Ensuring the availability of a timely risk reporting system for ad hoc requests, as well as during stress phases or crises
  • Creation of risk forecasts and the execution of stress tests and scenario analyses

A comprehensive and reliable risk data aggregation is the indispensable basis for an informed decision-making. In addition, a stably working system also provides a greater degree of efficiency, allows an improved strategic decision-making and thus contributes to an improvement of the profitability.

The core of a future-proof solution for BCBS 239 is a sophisticated technical data model, and an integrated data architecture in the form of a Finance Data Warehouse. The integrated financial architecture of targens provides professional core concepts and ideal typical processes that provide our customers with a significant time advantage for the implementation of BCBS 239, and form a stable framework for the consideration of individual circumstances.

The fundamental regulatory requirements of the BCBS 239 towards banks can be classified into four categories:

1. Corporate governance and infrastructure

Both the aggregation of risk data, as well as the reporting are subject to strict principles, and the data quality is the responsibility of the senior management. Furthermore, group-wide data and IT architectures are required, which will ensure the quality and accessibility of the risk data, not just under normal conditions but also under stress.

2. Risk data aggregation capabilities

All significant risk data must be available ordered into different categories, and reliably depict any kind of risk concentration. A reasonable time frame should be determined for the frequency of the risk data aggregation, depending on the risk type and volatility of the risk. Ad-hoc requests to the risk reporting system should also be processed as quickly as possible.

3. Risk reporting

The risk profile of the bank must be accurately illustrated by the risk reports. They should also be clearly formulated, easily understandable and contain comprehensive information on all key risk areas (e.g. credit risk, liquidity risk). The frequency of the risk reporting must be determined by the senior management and the Board of Directors.

4. Regulatory audits, instruments and cooperation

The compliance with the fundamentals will be regularly audited by regulatory bodies. Hereby, the national authorities of the individual countries will also be involved. In addition, the regulatory bodies must ensure the availability of appropriate tools and resources, to demand and accompany effective as well as timely corrections of deficiencies in the respective banks.


targens is actively supporting renowned customers from the financial sector during the implementation of regulatory requirements. Successfully concluded reference projects have demonstrated that the integrated financial architecture of targens creates a stable as well as reliable foundation for the efficient and future-proof implementation of complex reporting requirements.

Put us to the test - we will look forward to conversing with you in person.

We can support you in every aspect of an efficient and future-proof implementation of highly complex reporting requirements.












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