From BCBS 239 to the data-inspired bank: How banks can use good data management as a springboard to the future of AI
Customer Magazin NEWS 03/2025
The Basel Committee on Banking Supervision's BCBS 239 standard, ‘Principles for Effective Risk Data Aggregation and Risk Reporting,’ aims to improve banks' ability to aggregate risk data in order to enable more effective risk management and better decision-making. BCBS 239 has been in force for years for systemically important institutions and remains relevant in light of increasing regulatory requirements and challenges facing banks. Implementing these principles offers an opportunity to strategically realign data management, thereby laying the foundation for a transformation towards greater data utilisation and inspiration.
- Don't let regulations drive you, let data inspire you
- BCBS 239 as a starting point - not as a goal
- From compulsory to optional: data governance as a foundation
- Measuring what counts: Maturity level and KPIs for data management
- Data is the raw material - quality-assured data is the product
- The path to a data-inspired bank
- AI readiness requires data readiness
- Conclusion: From regulatory backlog to strategic data journey
Don’t let regulations drive you, let data inspire you
Regulatory requirements for banks are constantly increasing – and with them the challenges of data management. BCBS 239, which has been in force for years for systemically important institutions, remains relevant.
But those who see BCBS 239 merely as a compulsory exercise overlook the potential behind the requirements: Implementing the principles offers the opportunity to strategically realign data management and thus lay the foundation for a transformation towards greater data utilisation and inspiration from data.
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