Ensuring Completeness in Risk Data Aggregation PPT

This PPT slide, part of the 27-slide BCBS 239 - Risk Data Aggregation PowerPoint presentation, outlines the critical principle of completeness in risk data aggregation as defined by BCBS 239. It emphasizes the necessity for decision-makers in banking to have access to comprehensive risk data, which is essential for informed decision-making. The slide highlights 2 primary focus areas: risk data aggregation capabilities and the reporting approach to risk data aggregation.

Under risk data aggregation capabilities, key metrics are provided, such as maintaining consistent materiality levels across the organization and identifying the specific methods used to aggregate risk exposures. These metrics are crucial for ensuring that the bank can effectively manage risks, particularly when data is incomplete.

The reporting approach is also detailed, with completeness thresholds for critical data elements (CDEs) and non-CDEs related to credit risk. Examples include the total number of records, the percentage of outstanding loan balances, and the percentage of authorized balances. These metrics serve to assess the effectiveness of controls at key data transfer points, the frequency of completeness tests, and the timelines for addressing issues and exceptions.

The slide concludes with a reminder of the importance of having access to data that supports the identification and reporting of exposure and emerging risks. This access is vital for making informed decisions, underscoring the interconnectedness of data completeness and effective risk management. Overall, the content serves as a guide for banks to evaluate their data aggregation practices and ensure they meet the standards set forth by BCBS 239.

This slide is part of the BCBS 239 - Risk Data Aggregation PowerPoint presentation.

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