Basel Committee on Banking Supervision

Basel Committee on Banking Supervision Principles for effective risk data aggregation and risk reporting January 2013 This publication is available on the BIS website ( ). Bank for International Settlements 2013. All rights reserved. Brief excerpts may be reproduced or translated provided the source is cited. ISBN 92-9131-913-9 (print) ISBN 92-9197-913-9 (online) Contents Principles for effective risk data aggregation and risk reporting .. 1 Introduction .. 1 Definition .. 2 Objectives .. 3 Scope and initial considerations .. 3 I. Overarching governance and infrastructure .. 6 II. Risk data aggregation capabilities .. 8 III. Risk reporting practices.

1. One of the most significant lessons learned from the global financial crisis that began in 2007 was that banks’ information technology (IT) and data architectures were inadequate to support the broad management of financial risks. Many banks lacked the ability to aggregate risk exposures and identify concentrations quickly and accurately ...

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  Management, Committees, Lesson, Supervision, Banking, Basel, Lessons learned, Learned, Basel committee on banking supervision

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