Public consultation on the Guide on effective risk data aggregation and risk reporting
This consultation gave interested parties the opportunity to comment on the Guide on effective risk data aggregation and risk reporting.
Deadline for submitting comments was midnight (24:00) CET on 6 October 2023.
Only comments received before this deadline were considered.
The Guide outlines prerequisites for effective risk data aggregation and risk reporting (RDARR) to assist banks in strengthening their capabilities, building on good practices observed in the industry. The Guide intends to specify and reinforce supervisory expectations in this field, taking into account the Basel Committee on Banking Supervision’s Principles for effective risk data aggregation and risk reporting (BCBS 239). It complements and does not replace the guidance already provided since 2016 in public communications and in institution-specific supervisory activities.
The Guide is part of a wider strategy intended to ensure that supervised banks ultimately achieve substantial progress in remedying their identified structural shortcomings in risk data aggregation.
As part of the public consultation process, the ECB organised a stakeholder meeting during the consultation period, bringing together relevant experts at supervised institutions and other affected stakeholders (e.g. banking associations, consultants, etc.). Attendance at the meeting was by invitation only. The purpose of the meeting was to introduce the Guide, explain its main characteristics and objectives, and answer any questions that participants may have.
The meeting took place on 15 September 2023 at 10:30 CET via the Webex teleconferencing platform.
For details on how your personal data and contribution will be handled, please see this privacy statement:
Privacy statement