Data Strategy Briefing — September 30, 2024

Executive briefing: The Basel Committee on Banking Supervision (BCBS) released its 2024 Progress in adopting the Principles for effective risk data aggregation and risk reporting on 30 September 2024. The report highlights persistent deficiencies at global systemically important banks (G-SIBs) and announces intensified supervisory monitoring through 2025, including capital surcharges, business restrictions, and heightened data quality assurance expectations.

Key governance checkpoints

Principle coverage. Reassess compliance with BCBS 239 principles, prioritising governance (Principle 1), data architecture (Principles 2-3), and accuracy/integrity (Principles 4-6).
Remediation evidence. Compile artefacts showing progress on supervisory commitments, including data lineage documentation, reconciliation metrics, and board reporting packs.
Stress reporting. Validate that risk aggregation tooling can deliver timely outputs under stress scenarios, meeting the Principle 6 expectation of accuracy in crisis conditions.

Operational priorities

Supervisory engagement. Prepare for 2025 horizontal reviews by mapping each outstanding BCBS 239 gap to owners, budgets, and interim milestones.
Data controls. Enhance data quality monitoring across credit, market, and liquidity risk datasets, ensuring metrics feed into model risk and capital planning routines.
Technology uplift. Accelerate platform upgrades that consolidate risk data warehouses, reduce manual adjustments, and support auditable lineage.

Enablement moves

Brief audit committees on BCBS escalation tools and obtain sponsorship for accelerated remediation.
Coordinate second-line risk functions to embed BCBS 239 KPIs into quarterly self-assessments.

Sources

Zeph Tech accelerates BCBS 239 remediation with lineage mapping, control automation, and board-ready metrics that satisfy 2025 supervisory reviews.