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From Principles to Practicalities

Addressing Basel risk data aggregation and reporting requirements


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In January 2013, the Basel Committee on Banking Supervision (BCBS) issued the document Principles for Effective Risk Data Aggregation and Risk Reporting. Global Systemically Important Banks (G-SIBs) must adhere to these risk data aggregation and reporting (RDAR) principles by the end of 2015.

Effective, efficient implementation of the principles likely requires coordination at three levels:

  • Risk governance
  • Risk management infrastructure
  • Risk data management

The principles require that practices be embedded in risk governance and management processes so they permeate the risk data infrastructure, instead of one-off tactical fixes.

This paper, directed to senior banking executives, chief risk officers, and board-level and management risk committee members, examines some of the key issues raised by the RDAR principles in order to flag challenges and foster discussion and planning.

As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

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