BCBS 239 Key Facts

BCBS 239 Key Facts



eLearning module addressing these issues:

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?

This module is part of the EDMworks Regulatory Data Management Programme




So that you can get an idea for the feel and scope of the course, please feel free to take a look at the introductory module video below:


Completion of the course will provide the delegate with:

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




The course is structured into the following components:

One eLearning course segmented into two modules. The contents of the two modules are described in Course Contents below.

Each module consists of:

One eLearning self-paced interactive video

One downloadable pdf file containing the course slides

One self-assessment test enabling the delegate to assess their understanding of the module

Duration and timing

Each module has an estimated duration of 15 minutes

The overall duration of the course is 30 minutes




On-line certification

This course does not offer an on-line certification. If you would like to obtain one, you can upgrade to the full BCBS 239 Key Facts and Impacts course.

Self-assessments

There are self-assessments in each module that you can take as many times as you like.




Global availability

The course modules and certification test are globally available without restriction

They can be accessed 24*7

Costs

This course is free.


This provides the delegate with:

The eLearning Course

Access to the EDMworks BCBS 239 user forum




Course Contents

Module 1: Introduction and background

Introduction

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

What does ‘good’ look like?

End to end data entry, integration, storage, aggregation, analytics and reporting showing interactions and dependencies between Franchises and Functions

Example transactions showing flow of data through the bank

Issues affecting data flows/storage that impact quality of data and reports

Module 2: BCBS 239 Principles and their impact on the Bank

Key messages for delivery of risk management information

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

Explanation of four sections (and 14 principles) of BCBC 239 and RBS emphasis/interpretation

(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)




Last modified: Tuesday, 20 December 2016, 3:04 PM