“Achieving compliance with the requirements of BCBS239 is proving to be a real headache for many banks.
As a set of principles laid down by the Basel Committee on Banking Supervision, they are hard to quarrel with. Yet because they are principles, rather than detailed requirements, knowing what to measure and report on and how to present it is far from straightforward.
Although, at its heart, BCBS239 asks for risk reports to be timely, complete and accurate, many banks struggle to understand how they should measure themselves against these headings.”
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