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?
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:
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 two modules. The contents of the two modules are described in Course Contents below.
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
Each module has an estimated duration of 15 minutes
The overall duration of the course is 30 minutes
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.
There are self-assessments in each module that you can take as many times as you like.
The course modules and certification test are globally available without restriction
They can be accessed 24*7
This course is free.
The eLearning Course
Access to the EDMworks BCBS 239 user forum
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
(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)