BCBS239 Data Management

BCBS239

BCBS239: Managing risk data aggregation and risk reporting through automation

BCBS 239 is the Basel Committee on Banking Supervision‘s regulation number 239, titled: Principles for Effective Risk Data Aggregation and Risk Reporting. Its guidelines are intended to strengthen the capabilities of banks in gathering and reporting data. With GoldenSource EDM solutions, automation and a smooth workflow support compliance. Storage for cleansing, aggregating and distributing complete data sets for risk calculations, compliance and reporting meet regulatory initiatives for BCBS 239 and MiFID II.

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About BCBS239

Regulation BCBS 239 consists of 5 sections:

  • Governance & Infrastructure
  • Risk data aggregation capabilities
  • Risk reporting practices
  • Review, remediation and cooperation
  • Implementation

Meeting regulatory guidelines through automation

GoldenSource EDM solutions provide automation, workflow and storage for cleansing, aggregating and distributing complete data sets for risk calculations, compliance and reporting to meet regulatory initiatives for BCBS 239 and MiFID II.

It enables business users and data operations teams to create a consistent view of all products, instrument data, risk metrics, positions, transactions and counterparties.

A flexible approach enables firms to leverage their existing data management infrastructure and create new golden copies where needed. By aggregating gold copies across all data domains into the GoldenSource platform, firms can interact directly with all risk data to apply consistent governance and business rules for cleansing and mastering.

Rapid integration capabilities ensure even the largest data sets reach business and reporting applications consistently, in the correct format, on time and with full data lineage. Optimization capabilities ensure firms source and supply data more efficiently to further reduce the cost of aggregating risk data.

BCBS239 Resources

Major global financial firms rely on GoldenSource to deliver the gold standard of data that supports compliance and data governance.

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