BCBS 239 - Principles of Effective Risk Data Aggregation and Risk Reporting

Duration: 90 Minutes
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Risk management is a key component of every banking governance framework. This webinar discusses the BCBS 239 standard. The instructor will discuss the critical risk-data aggregation capabilities and internal risk-reporting practices (the Principles) to enhance risk management and decision-making processes at banks.
BCBS 239 standard
Instructor: Daniel Clark
Product ID: 505804
Objectives of the Presentation
  • Understand BCBS 239 and its impact on your organization
  • Explore challenges affecting implementation/ compliance
  • Vet each principle and review examples of application
  • Gain perspective of regulatory expectations
  • Define examples of tools that work
  • How BCBS 239 integrates into the ERM processes
Why Should you Attend
In January 2015, the Basel Committee published the second progress report on banks' adoption of BCBS 239. Fourteen of the 31 participating banks reported that they would be unable to fully comply with the Principles by the 2016 deadline.

Although initially directed at Global Systemically Important Banks (G-SIB), the committee believes that the principles can be applied to a wider range of banks in a way that reflects their size, nature and complexity. Adherence to these principles became mandatory for the affected banks on January 1, 2016. At their discretion, however, national regulators may apply the spirit of the principles to a wider range of institutions. Notwithstanding any compliance requirements, all financial services companies should consider implementing these principles as they represent best practices in the area of risk aggregation and reporting.

This webinar will discuss the best practices for BCBS 239 compliance, effective risk data aggregation and risk reporting.

Areas Covered
  • Understand the background and introduction of BCBS 239
  • Overarching governance and infrastructure
  • Risk data aggregation capabilities
  • Risk reporting practices
  • Supervisory review, tools and cooperation
  • Implementation timeline and transitional arrangements
  • Long term implications
  • Steps to ensure risk data aggregation capabilities and risk reporting practices are subject to strong governance
  • How to enhance the infrastructure for reporting key information, particularly that used by the board and senior management to identify, monitor and manage risks
  • Improve decision-making process & MI timeliness
  • How to enhance the management of information across legal entities, while facilitating a comprehensive assessment of risk exposures at the global consolidated level
  • How to reduce the probability and severity of losses resulting from risk-management weaknesses
  • Understand how to Improve the speed at which information is available and hence decisions can be made; and
  • How to improve the organization's quality of strategic planning and the ability to manage the risk of new products and services
Who will Benefit
  • Risk Managers
  • Audit Managers
  • Enterprise Risk Staff
  • Chief Audit Executives
  • Chief Risk Officers
  • Compliance Officers
  • Auditors
  • Risk personnel
  • Chief Financial Officers
  • Finance Staff
  • External Auditors
  • Business /Risk Consultants
  • Financial Controller
  • Operational Risk Managers
  • Information Technology Managers
$300
Recorded Session for one participant
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Recorded Session - How it works
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  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Daniel Clark has over 25 years of experience in risk management and auditing. He has served in many senior auditing/risk roles culminating as chief auditor for midsize and large regional and global financial organizations. Mr. Clark has in-depth knowledge on how to integrate diverse processes into a seamless risk based audit approach that keeps audit on the cutting edge of development and value impact. His insights into the audit and risk world translate into meaningful guidance through a communication style that is fun, animated, and very participative. Mr. Clark has trained auditors and other business leaders for over five years.
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