Wolters Kluwer: Should BCBS 239 Compliance Be Viewed As A Goal Or a Catalyst For Effective Change?

As the BCBS 239 deadline is - at the time of writing - five months overdue, what approach towards compliance will prove to be more effective? Banks that have taken a methodical and timely ‘check-the-box’ approach, or banks that have viewed the regulation as an opportunity to thoroughly strengthen their underlying governance, architecture and data quality, even if that means not meeting the January 1st 2016 deadline? This commentary will explore both sides of the coin.
To first understand the
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