Securitisation and Regulation News

Basel Committee consults on principles for effective risk data aggregation and risk reporting

The Basel Committee on Banking Supervision has published a consultation paper setting out principles for effective risk data aggregation and risk reporting. The proposed principles are intended to strengthen banks' risk data aggregation capabilities and risk reporting practices. The Basel Committee believes that implementation of the principles will strengthen risk management at banks and, in particular, global systemically important banks, thereby enhancing their ability to cope with stress.

Global systemically important banks are required to implement the principles in full by the beginning of 2016 at the latest. The Basel Committee also believes that the principles can be applied to a wider range of banks, in a way that is proportionate to their size, nature and complexity.

Comments are due by 28 September 2012.

To the consultation paper