2016 Risk Data Aggregation Deadline Approaching | July 2015

2016 Risk Data Aggregation Deadline Approaching

2016 Risk Data Aggregation Deadline Approaching

1000

The January 1, 2016 deadline set by the Basel Committee for Bank Supervision (BCBS) for implementation of its Risk Data Aggregation (RDA) and risk reporting principles is fast approaching and many banks may not be ready. To date, banks have begun making limited progress towards full compliance. Nonetheless, regulatory authorities are growing increasingly impatient and are stepping up their review and scrutiny. As a result, now is the time for risk executives to make sure they have assessed their readiness for the RDA compliance deadline.

© 2024 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.


For more detail about the structure of the KPMG global organization please visit https://kpmg.com/governance.

Connect with us