Challenges around the implementation and validation of BCBS239/Risk Data Aggregation Programme
Challenges around the implementation of BCBS239
Are South African banks fully aware of the main challenges involved in implementation of BCBS239, and how can they get the best return on their investment?
South African major banks are currently busy with the implementation of the Risk Data Aggregation rules or BCBS239 regulations, expected to be implemented on 01 January 2017. Are these banks fully aware of the main challenges ahead, and how can they get the best return on their investment and provide assurance to regulators that all elements are under control?
This article highlights some of the BCBS239 key trends and recommendations as well as KPMG's response.
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