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Principles for effective risk data aggregation and risk reporting – consultative document (Basel Committee)

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Principles for effective risk data aggregation and risk reporting – consultative document, June 2012

  • “The financial crisis that started in 2007 revealed that many banks, including global systemically important banks (G-SIBs), were unable to aggregate risk exposures fully and quickly. This meant that banks’ ability to take risk decisions in a timely fashion was seriously impaired with wide-ranging consequences for individual banks and the stability of the financial system as a whole. The Basel Committee’s proposed Principles for effective risk data aggregation and risk reporting – consultative document are intended to strengthen banks’ risk management capabilities. This should ensure banks are better prepared to cope with stress, hence reducing the potential recourse to tax-payers.”
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