Principles for effective risk data aggregation and risk reporting (BCBS 239)

Principles for effective risk data aggregation and risk reporting (BCBS 239)

How effectively are you complying with BCBS 239?
A guide to assessing your risk data aggregation strategies

Sigla_IBR_2017 Deloitte new 

The goal of this seminar is to provide measurable parameters that banks can use to accurately gauge their level of compliance and determine what actions to take if improvement is required.

There is no question that many banks need to address and further develop their Risk Data Aggregation and Risk Reporting (RDARR) capabilities. The recent global financial crisis demonstrated that many banks lacked the ability to efficiently and effectively provide senior management with a true picture of the risks the organization faces. This inability poses a significant threat, not only to the well-being of individual financial institutions, but to the entire banking system and the global economy.

Aimed predominantly at G-SIBs (Globally Systemically Important Banks) and designed to set compliance expectations for different risk types, BCBS 239 is the Basel Committee’s attempt to close existing gaps in RDARR. The regulation focuses on governance, infrastructure, risk data aggregation and reporting capabilities, as well as supervisory review, tools and cooperation.

This seminar aims at getting an overview of the BCBS 239 matters, which a financial institution will face in its current activity.


 At the end of the lecture, the attendees will be able to:

  • Have an overview of the BCBS 239 rules and principle generally applicable
  • Understand and identify the main BCBS 239 issues encountered in practice in the banking sector


This lecture is specially addressed to bank specialists involved in IT, risk management, financial and reporting, internal audit etc.


Morning session – BCBS 239 requirements – key points to address

      • BCBS 239 requirements and understanding
      • Key implementation challenges for BCBS 239
      • Principles and suggested compliance metrics: for each BCBS 239 principle, a banks should define clear measures (e.g. customer risk rating); metrics, which are a function of two or more measures (e.g. correct customer risk ratings, as a percentage of total customers); and thresholds (e.g. 98% – green)

Afternoon session – BCBS 239 practical aspects

      • Bridging the gap between expectation and capability
      • Assessing banks RDARR posture – practical example and discussions
      • How a bank can demonstrate compliance with BCBS requirements?


Dimitrios Goranitis, FSI Risk and Regulatory Partner, Deloitte Romania


Dimitrios has recently joined Deloitte Romania and CE as an FSI Risk and Regulatory Partner. Before joining CE, Dimitrios has served as the banking leader for Deloitte Malta for four years. Prior to Deloitte, Dimitrios was a manager in Transaction Advisory Services with E&Y (Greece and Eastern Europe), an assistant director of M&A with Altium Capital Group (UK HQ, Eastern Europe desk), a senior manager with UBS Financial Services (New York) and VP of Business Strategy with Bear Stearns – JP Morgan (New York).

Relevant experience

Crisis Management simulation exercise for the Central Bank of Malta, Ministry of Finance, Malta FSA and Resolution Board (2016) – Simulate the collapse of a significant lender to assess readiness from institutions to handle the financial crisis

AQR, Stress Test and Recovery Plan PMO and Quality Assurance support to Bulgaria National Bank (2016) – Full scope PMO and QA of the country wide project in relation to 22 licensed banks in the country

Asset Quality Review of Mediterranean bank plc on behalf of MFSA and ECB (2015)

AQR and Stress Test PMO and QA support to MFSA (2014) – Full scope PMO and QA support to MFSA/ECB in relation to 2014 AQR and Stress Test of three systemic banks in Malta.

AQR and stress test of two tier 1 banks in Cyprus (2012)- Full scope Asset Quality Review of five tier one banks in Greece on behalf of Blackrock Advisory and European Central Bank. The review extended to Cypriot banks due to their significant exposure to the Greek market.

Due Diligence of two tier 1 banks in Greece (2012) – Full scope financial due diligence of two tier 1 banks in Greece on behalf of European Stability Fund (ESF) and Hellenic Financial Stability Fund (HFSF) in advance of their recapitalization.

AQR and stress test of five tier 1 banks in Greece (2011) – Full scope Asset Quality Review of five tier one banks in Greece on behalf of Blackrock Advisory and European Central Bank.


September 26, 2017, from 9:00 to 17:00

RBI will hold the course on its premises, providing specialised lecturers, course materials and catering services during the training day.

CERTIFICATION: certificate of attendance                                                             LANGUAGE: English


Emilia Frunză, Training manager

Mobile phone: 0748886834