BCBS 239
Risk data aggregation capabilities (Principles 3 to 6) – BCBS 239

BCBS 239 P3: Principle 3: accuracy and integrity of risk data

The bank can generate accurate and reliable risk data for normal and stress reporting, aggregated largely automatically to limit errors. Controls over risk data are as robust as those over accounting data; where manual processes and desktop tools such as spreadsheets and databases are used, effective mitigants such as end-user computing policies and consistent controls are in place; risk data is reconciled to the bank's sources, including accounting data where appropriate; the bank works towards a single authoritative source per risk type; and risk staff have enough access to aggregate, validate and reconcile data to reports. A data dictionary defines concepts consistently across the organisation. Automation and manual judgement are balanced. Supervisors expect all aggregation processes, automated or manual, to be documented, with each manual workaround explained, its criticality described and actions to reduce it proposed; data accuracy is measured and monitored with escalation channels and action plans for poor quality. Expert judgement may fill incomplete data only by exception, without materially affecting compliance, and is documented transparently enough for independent review of the process and criteria.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

What else in your programme already covers this

This control maps to 4 controls across 2 other frameworks. If you already hold one of them, the evidence you collected for it is the starting point here rather than new work.

  • 4.2 4.2 Business Terms and Glossary
  • 5.3 5.3 Data Quality is Monitored and Maintained
  • 7.3 7.3 Data Control Management
  • SRP36 Meet the risk data aggregation and risk reporting principles (systemically important banks)

Every mapping shown was judged rather than inferred from wording similarity, and the ones that failed review are published too. See the coverage reports and what was rejected.

Other controls in Risk data aggregation capabilities (Principles 3 to 6) – BCBS 239

Query this from an agent

The graph holds this control, the 4 it maps to, and the evidence behind each claim, over MCP and REST.