Convergence & Divergence in Global Regulations

Federal regulators have cited deficiencies in risk data aggregation in reports detailing the results of past years’ CCAR and Dodd-Frank stress-testing exercises. Now, regulators are examining the approach that banks take toward end-to-end risk management governance -- including the risk data aggregation and reporting principles (also known as BCBS 239), model risk management and the steps taken to deliver the end-to-end regulatory stress testing process. These require changes to be made across business lines which affect every area of the bank. The requirements for data to be flexible and adaptable include a wide variety of methods for retrieving it.  

 

Through several years of practice and feedback, CCAR has evolved into a comprehensive stress testing exercise -- and in doing so, created a new enterprise risk management standard for the global banking industry. The purpose of this course is to prepare banking leaders for the 2017 requirements and to adhere to a smooth transition in maintaining compliance.