Instead, it should be designed around the best way data processes can support the delivery of our mandates.
1/2  BIS central bankers' speeches  Following the global financial crisis of 2007, the Basel Committee on Bank Supervision (BCBS) issued BCBS 239 covering the principles for effective risk data aggregation and risk reporting.3 These principles, issued in January 2013, aim to strengthen banks’ risk data aggregation and risk reporting with a view to improving their risk management, decision-making processes, and resolvability.