Data Governance – Risk Aggregation Focusing on BCBS 239

When: April 14th, 2015
Where: Credit Suisse, New York, New York

In January 2015, Basel Committee on Banking Supervision published the second progress report on banks’ adoption of the Committee’s Principles for effective risk data aggregation and risk reporting. Of the 31 participating banks, 14 reported that they would be unable to fully comply with the Principles by the 2016 deadline, compared with 10 G-SIBs in 2013. The Basel Committee believes that the Principles can be applied to a wider range of banks in a way that reflects their size, nature and complexity. Due to the sweeping changes and immense scope in how banks handle data governance, lineage, and architecture – this is an enterprise-wide data effort that more firms are falling behind. Adherence to these principles is mandatory. Come join the discussion with the panel and peers on how to meet the 2016 deadline.

Our panel will discuss:

  • The status of implementation in firms
    *Bank’s IT strategy should address any shortcomings against the Principles
  • State of Finance and Risk combinations (FRisk)
  • Defining a common unit of risk measurement and reporting
  • Third party outsourcing – the same principles apply
  • Beyond aggregation and reporting: data confidentiality, integrity and availability as part of the risk management framework
  • Benefits of competitive advantage and stability in exposure management
Presenters
  • Yong Ma, MD, Global Head of Risk Infrastructure and COO for Credit Risk, Morgan Stanley
  • Don Mumma, Managing Director
  • David Yakowitz, Financial Services Risk & Regulatory Technology, PwC
Moderator
  • Donald Wesnofske, PRMIA

This event has been made possible by the generous support of our sponsor AxiomSL