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

Under the BCBS 239 principles, which group of banks is the standard directly intended for when it was first issued?

BCBS 239 was originally directed at global systemically important banks, which were expected to comply by 2016. National supervisors were encouraged to extend the principles to domestic systemically important banks too. The standard concerns bank risk data aggregation and reporting, not insurers or hedge funds.

  1. AGlobal systemically important banks (G-SIBs)Correct
  2. BOnly small community banks with limited complexity
  3. CInsurance companies supervised by national regulators
  4. DHedge funds that borrow from prime brokers

Explanation

BCBS 239 was issued in 2013 for G-SIBs, which were given a compliance deadline of January 2016. Supervisors were also encouraged to apply the principles to domestic systemically important banks. It is not aimed at insurers or hedge funds.

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