Accelerating the transition to granular supervision

In January 2013, the BIS published “Principles aimed to strengthen risk data aggregation and risk reporting at banks to improve their risk management practices and decision-making processes” known as BCBS 239.

In 2020, the BIS concluded that “None of the banks are fully compliant with the Principles in terms of building up the necessary data architecture and, for many, IT infrastructure remains difficult”(BIS, Progress in adopting the Principles for effective risk data aggregation and risk reporting, 2020). Today, 4 years later, the situation is still very much the same.

In view of the status quo of the regulatory reporting industry, what are the challenges faced by banks to get the data, risk and supervisory reporting under control? Why is it important to accelerate the transition to granular, real-time, forward-looking supervision and statistics?

This panel covers:

Looking back to the 2023 liquidity crisis in the US and Switzerland – Was data the key issue?
A review of the regulation, processes and systems in the EU and Eurozone.
A synopsis of the study on the “pull vs push” of granular data carried out by BaFin together with the Deutsche Bundesbank and the German banking industry.
The development of the usage of GenAI in statistical queries.
Looking into technologies to unlock real-time supervision.