AnaCredit and BCBS 239 – the first big step to a new way of reporting

AnaCredit and BCBS 239 – the first big step to a new way of reporting

 Sigla_IBR_2017  deloitte logo new 

Starting with the reference date as of September 2018, credit institutions in the euro area, and on a voluntary basis from Member States outside the euro area, will report to the European Central Bank via the National Central Banks (NCBs) individual credit exposures falling within the reporting scope.

The new data will be used for several key assignments, fulfilling the requirements of the Eurosystem, the European System of Central Banks (ESCB) and the European Systemic Risk Board, including monetary policy analysis and monetary policy operations, risk management, financial stability surveillance and macro-prudential policy and research, as well as for banking supervision purposes in the context of the Single Supervisory Mechanism (SSM).

Additionally, there is no doubt 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 faced. 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 initially for G-SIBs (Globally Systemically Important Banks) and as of January 1st 2019 for D-SIBs (Domestic Systemically Important Banks), BCBS 239 is the Basel Committee’s regulation aiming to close existing gaps in RDARR. The regulation is designed to set compliance expectations for different risk types, focusing on governance, infrastructure, risk data aggregation and reporting capabilities, as well as supervisory review, tools and cooperation.

There were already a number of onsite inspections referring to BCBS 239 indirectly with special focus on topics like data quality and data governance. In addition, during SREP 2017, several supervisory bodies addressed BCBS 239 identified deficiencies with qualitative measures.

This seminar aims at gaining an overview of the AnaCredit and BCBS 239 matters that a financial institution will face in its current activity.

OBJECTIVE

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

  • Understand the importance of AnaCredit reporting and its interaction with other reporting initiatives;
  • Gain adequate knowledge regarding AnaCredit reporting requirements;
  • Have an overview of the BCBS 239 rules and principles;
  • Know the main BCBS 239 issues encountered in practice in the banking sector;
  • Have an overview of the significant synergies between AnaCredit and BCBS 239.

AUDIENCE

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

CONTENTS

AnaCredit

  • AnaCredit key considerations and challenges (Analytical Credit Datasets)
  • The importance of AnaCredit reporting
  • AnaCredit synergies with other reporting regulatory standards
  • Main challenges when implementing AnaCredit

BCBS 239 requirements

  • BCBS 239 requirements and understanding (Principles for effective risk data aggregation and risk reporting)
  • Principles and suggested compliance metrics for each BCBS 239 principle
  • Key implementation challenges for BCBS 239

LECTURERS

Elena Grigore

Elena is a Senior Manager in Deloitte, within the Risk and Financial Services Regulatory Department. She has 10 years of experience in the field of credit risk management. Elena was involved in projects on methodological development and technical implementation of internal models, IFRS 9 requirements, as well as revising existing methodologies in financial institutions in Romania and beyond.

Andrada Tănase, ACCA

Andrada Tanase is a Manager in Deloitte, within the Risk and Financial Services Regulatory Department. She has over 6 years of experience in the field of credit risk consulting, financial reporting, IFRS implementation and audit of clients from the field of financial services. At present, Andrada is involved in several projects for IFRS 9 requirements implementation (including developing the methodology and implementing the adequate calculation system for expected loss).

DURATION

The lecture lasts for 8 hours (7 hours net).

PERIOD

June 20, 2019, from 9:00 to 17:00

Enrollment is done by filling in the enrollment form.

The Romanian Banking Institute (RBI) will organize the lecture ensuring specialized lecturers and lecture support.

At the end of the lecture, the participants will be handed a certificate issued by RBI, under the aegis of the founding members of the National Bank of Romania (NBR) and the Romanian Banking Association (RBA), with 7 CPD (Continuous Professional Development) credits.

CONTACT:    Emilia Frunză, Training Manager

Tel: 0748.886.834 e-mail: emilia.frunza@ibr-rbi.ro