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FRM Part I · FRM Exam Part I · Principles for Effective Data Aggregation and Risk Reporting

The Basel Committee's principles for effective risk data aggregation and risk reporting (BCBS 239) are addressed primarily to which group of institutions?

BCBS 239 is aimed primarily at global systemically important banks, which had a compliance deadline of January 2016. National supervisors are encouraged to extend the principles to other banks, such as domestic systemically important banks. It is not directed at insurers, clearing houses or non-financial firms.

  1. AGlobal systemically important banks, with national supervisors encouraged to apply them to other banks as wellCorrect
  2. BOnly insurance companies with cross-border operations
  3. COnly central counterparties and exchanges
  4. DAll non-financial corporations with listed debt

Explanation

BCBS 239 was designed for G-SIBs, which were expected to comply by January 2016. National supervisors were encouraged to apply the principles to a wider range of banks, such as domestic systemically important banks. Insurers, CCPs and corporates are not its target.

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