Blog Contact +1.212.798.7100 Company Solutions Services Resources Request a Demo BCBS 239 BCBS 239: Risk data aggregation and reporting through automation For cleansing, enrichment, aggregation, and distribution of complete data sets for risk calculations, compliance, and reporting to meet BCBS 239 initiatives, GoldenSource Enterprise Data Management solutions have you covered. Talk to a Regulations Expert About BCBS 239 BCBS 239 is the Basel Committee on Banking Supervision‘s regulation number 239 that establishes the banking standard on risk data aggregation and reporting. Its principles are imposed upon both global and domestic systemically important banks to mandate their ability to aggregate risk exposures and identify concentration quickly and accurately at the bank group level, across business lines and between legal entities. The regulation supporting the principles for effective risk data aggregation and reporting consists of 5 sections: Governance & Infrastructure Risk data aggregation capabilities Risk reporting practices Review, remediation and cooperation Implementation Read our piece on BCBS 239 Principles here Leverage GoldenSource to meet regulatory guidelines through automation GoldenSource Enterprise Data Management solutions provide automation, workflow and storage for cleansing, aggregating and distributing complete data sets for risk calculations, compliance and reporting to meet regulatory initiatives. It enables business users and data operations teams to create a consistent view of all products, instrument data, risk metrics, positions, transactions and counterparties. A flexible approach enables firms to leverage their existing data management infrastructure and create new golden copies where needed. By aggregating gold copies across all data domains into the GoldenSource platform, firms can interact directly with all risk data to apply consistent governance and business rules for cleansing and mastering. Rapid integration capabilities ensure that even the largest data sets reach business and reporting applications consistently, in the correct format, on time and with full data lineage. Optimization capabilities ensure firms source and supply data more efficiently to further reduce the cost of aggregating risk data. Contact us today to find out how GoldenSource can help with your regulatory and data management requirements. Related BCBS 239 Modules Customer Master GoldenSource Customer Master module acts as a global entity master linking customers and counterparties, along with employees, branches, contacts, addresses, accounts and products. Read more… Product Master Module GoldenSource Product Master Module meets the challenge of efficient sourcing, onboarding and cross-referencing of information from diverse sources and systems. Seamlessly manage related workflows and consolidate, analyze, audit, update and distribute key product information to every sector of your company simultaneously. Read more… Security Master Standardize content from multiple external sources with maintained, off-the-shelf connections to leading financial data vendors such as Bloomberg, Thomson Reuters, Interactive Data and many more. Read more… Recent Posts GoldenSource and Arabesque Announce New Partnership for Enhanced Investor Access to ESG Data and Insights Cloud Data Management: More Problems, so More Standards GoldenSource ESG Impact Integrates with ICE It’s Not Easy Avoiding Greenwashing HAVE A QUESTION? Contact a team member Talk to us about your business needs and how we support your growth New York: 212-798-7100 Europe: +44(0) 203-908-2400 APAC: +613-9678-9005 Join our mailing list Get the latest GoldenSource news and content delivered directly to your inbox! Just type your email in the box below and we'll handle the rest. Home » Solutions » Banks & Brokers » BCBS 239 Get the right data to support your governance, growth and compliance. We are the largest team of EDM professionals in the world delivering the gold standard of data longer than any other firm. Company Solutions Services Resources LOCATIONS New York Tel: +1 (212) 798 7100 London Tel: +44 (0) 203 908 2400 Paris Tel: +33 1 78 42 37 27 Mumbai Tel: +91 22 66454000 Milan Tel: +39 02 00681 635 Singapore Tel: +65 6407 1139 Beijing Tel: +86 10 5877 1956 Melbourne Tel: +613 9678 9005 ©2021 GoldenSource | 212.798.7100 | Privacy Policy | Sitemap | Website design by Network9 We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT