BCBS 239 is an important standard that has changed how banks and financial institutions handle risk data. The Basel Committee on Banking Supervision (BCBS) created standard 239 in 2013 as a result of the global financial crisis that revealed problems in data management and risk transparency. The goal of BCBS 239 is to improve transparency, strengthen risk management and help institutions make timely and informed decisions.

What are the 14 principles outlined in BCBS 239?

BCBS 239 outlines 14 principles that focus on four primary areas: Governance and infrastructure: Institutions must establish a robust governance framework for risk data management, integrating it into their strategic priorities Risk data aggregation: Accurate and timely data aggregation is essential for understanding exposures, especially during market stress Risk reporting: Reporting must be clear, concise and actionable, providing decision-makers with accurate insights to manage real-time risk Supervisory review: Compliance is mandatory and subject to regular review by supervisory bodies

What are the benefits of BCBS 239 compliance?

The benefits of BCBS 239 include the following: Enhanced risk management Improved decision making across the organization Enhanced financial resilience and stability Strengthened data governance and data quality Avoidance of noncompliance penalties and fines Strengthened reputation and customer trust BCBS 239 compliance delivers benefits far exceeding regulatory adherence, including faster, data-driven decisions, improved risk management and a significant competitive advantage.

How does Collibra help manage BCBS 239 compliance?

Collibra simplifies compliance with BCBS 239 by a unified platform to manage data governance, data quality and data lineage with the proper safeguards and access controls in place.

BCBS 239

7 years

after the expected date ofcompliance.¹
Only 2 out of 31

of global systemically important banks (G-SIBs) assessed are fully compliant with all thePrinciples.¹
6 principles

where bank compliance ratings showed regression from 2017 to2022.¹

Key features and capabilities

Governance and infrastructure

Unified governance provides a flexible data governance model, adaptable to evolving regulations and business needs, is crucial for effective risk data aggregation and reporting, ensuring compliance and informed decision-making.

Risk data aggregation

Automated profiling, rule creation, monitoring and notification across systems and sources.

Risk reporting

Certified reports and data with controlled distribution through a data marketplace.

Supervisory review

Clearly defined responsibilities and timelines for audits, and process for remedial actions and escalation.

Frequently asked questions

What is BCBS 239?

BCBS 239 is an important standard that has changed how banks and financial institutions handle risk data. The Basel Committee on Banking Supervision (BCBS) created standard 239 in 2013 as a result of the global financial crisis that revealed problems in data management and risk transparency. The goal of BCBS 239 is to improve transparency, strengthen risk management and help institutions make timely and informed decisions.
What are the 14 principles outlined in BCBS 239?
BCBS 239 outlines 14 principles that focus on four primary areas:
1. Governance and infrastructure: Institutions must establish a robust governance framework for risk data management, integrating it into their strategic priorities
2. Risk data aggregation: Accurate and timely data aggregation is essential for understanding exposures, especially during market stress
3. Risk reporting: Reporting must be clear, concise and actionable, providing decision-makers with accurate insights to manage real-time risk
4. Supervisory review: Compliance is mandatory and subject to regular review by supervisory bodies
What are the benefits of BCBS 239 compliance?
The benefits of BCBS 239 include the following:
- Enhanced risk management
- Improved decision making across the organization
- Enhanced financial resilience and stability
- Strengthened data governance and data quality
- Avoidance of noncompliance penalties and fines
- Strengthened reputation and customer trust
BCBS 239 compliance delivers benefits far exceeding regulatory adherence, including faster, data-driven decisions, improved risk management and a significant competitive advantage.
How does Collibra help manage BCBS 239 compliance?

Collibra simplifies compliance with BCBS 239 by a unified platform to manage data governance, data quality and data lineage with the proper safeguards and access controls in place.