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

Under BCBS 239, which category of bank is the set of principles on risk data aggregation and risk reporting originally directed at?

BCBS 239 was originally aimed at global systemically important banks, which had to comply from January 2016. Supervisors were encouraged to extend it to domestic systemically important banks. It was not designed for insurers, small community banks or central counterparties.

  1. AGlobal systemically important banks (G-SIBs)Correct
  2. BOnly insurance subsidiaries of banking groups
  3. COnly small community banks with limited trading activity
  4. DOnly central counterparties and exchanges

Explanation

BCBS 239 was issued in 2013 for G-SIBs, which were expected to comply by January 2016. National supervisors were also encouraged to apply the principles to domestic systemically important banks (D-SIBs). The other options describe entities outside the original scope.

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