Markit: When one yes equals BCBS 239 compliance
Defining what BCBS 239 compliance looks like remains clouded in mystery. Tough ‘show and tell’ discussions rage on between banks and regulators as to what absolutely must be done to meet the requirements of the principles. But what if it could all be rolled up into a simple litmus test? One that could be presented to your board as being a good, solid marker as to how close your bank realistically is?
BCBS 239 is the show starter. Risk data aggregation standards across the industry as a whole
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