همفکران فناوری شریف
1Introduction
During the 2008 crisis, many banks could not quickly and accurately aggregate risk exposures across the group. In January 2013 the Basel Committee published the Principles for effective risk data aggregation and risk reporting, known as BCBS 239.
2Discussion
Its 14 principles fall into four groups: governance and infrastructure; risk data aggregation capabilities (accuracy, completeness, timeliness, adaptability); risk reporting practices; and supervisory review. They initially applied to global systemically important banks.
3Conclusion
Progress reports show many banks still fell short years after the deadline. The lesson for any financial firm: without integrated, reliable data, no dashboard or AI model produces sound decisions.
Sources
همفکران فناوری شریفThis article summarises the official sources cited, prepared by the Hamfekran Fanavari Sharif team for finance leaders.
Want to see these solutions in your organisation?Book a free demo
