What does "Good" look like for BCBS 239?
Is your firm ready for the impact?
Are you personally aware and ready?
What are the principles of BCBS 239 and why are they relevant?
How does this data management regulation relate to other risk regulations?
How are leading banks addressing BCBS 239 and ensuring compliance?
What are the consequences of non-compliance?
A summary of lessons learned from the financial crisis of 2007/8
A vision of "what good looks like"
An understanding of BCBS 239 principles
Key objectives to ensure world class governance
Understanding of how the banks are responding to BCBS 239
Clarity of my role as a connected member of the data provider/consumer community
A clear driven approach to raise and resolve critical data issues
Insight into fines, penalties and other consequences of non-compliance
The capability to work consistently within the governance framework to reduce risk and increase profitability
One eLearning course segmented into three modules. The contents of the three modules are described in Course Contents below.
One eLearning self-paced interactive video
One downloadable pdf file containing the course slides
One downloadable voice transcript
One self-assessment test enabling the delegate to assess their understanding of the module
Each module has an estimated duration of 15 minutes
The overall duration of the course is 45 minutes
This course contains an on-line certification that demonstrates delegates have demonstrated understanding of course content
Delegates can take the test at any time. One resit is allowed
The test consists of multiple choice, matching pair and true/false questions. Test questions are randomised
The test should take approximately 15 minutes. There is a time limit of 30 minutes
The delegate must answer all questions correctly
There are self-assessments in each module that you can take as many times as you like
This is confidential and does not form part of your test score
The course modules and certification test are globally available without restriction
They can be accessed 24*7
The cost of the course for one delegate is GBP 75.00 (plus VAT for UK purchases).
Discounts for multiple purchases and corporate rates are available on request.
The eLearning Course
A recognised certificate
An entry in the EDMworks Global Register
The option to make this record public for job requirements
Access to the EDMworks BCBS 239 user forum
Course objectives structure, sponsorship & expected outcomes
How is BCBS 239 relevant to you bank and how does it impact you?
Background to BCBS 239 (Financial crash, G20 response, Basel III/CRR/CRD data intensive reporting and need for data quality/governance for own risk and systemic risk management)
How BCBS 239 aligns with other key drivers (good customer experience, need for greater efficiency etc.)
Box ticking compliance or fundamental change? Trust, Key Drivers and Core Values
End to End Data Management and Reporting within the Bank
End to end data entry, integration, storage, aggregation, analytics and reporting showing interactions and dependencies between Franchises and Functions
Example transactions for Corporate, Retail and Capital markets showing flow of data into Functions
Example issues affecting data flows/storage that impact quality of data and reports
Summary of issue in terms of key impact assessment criteria (1) Customer Experience, (2) Reputation and Regulatory, (3) Financial Impact and (4) Strategic capability
Need for end to end governance and quality control of risk related data
Senior management accountability and ownership for data
BCBS239 specific focus on risk data but general intention for underlying principles for all key data and appropriateness of information for management for risk judgement and general decision making
(Principles 1 - 2) Overarching Governance & Architecture
( 3 - 6) Risk data aggregation (accuracy, integrity, completeness, timeliness and adaptability)
( 7 -11) Risk Reporting (Accuracy, comprehensiveness, clarity and usefulness, frequency and distribution)
(12 - 14) Supervisory Review, Tools and Cooperation (Penalties and explanation for non-compliance)
Data Architecture, governance, quality management, change management
Capability for judgement on appropriateness of data in risk reports for effective decision making
Chief Data Office, Data Management Policy, RDAR Programme
Data ownership model, Franchise/Function governance organisation and issue management process describing bank wide approach to improving data and reporting quality
Data dictionaries, systems inventories and ownership
Golden Sources for key data sets
Data quality management and remediation process
Implementation of principles in core values
Training for key staff and impacted staff
Explanation of actions that should be taken if a data issue is identified.
