In May 2024, the European Central Bank (ECB) published a guide to improving the effectiveness of risk management and reporting programs (RDARR), reinforcing alignment with BCBS 239 principles.
Since 2013, BCBS 239 has been aimed at strengthening banking systems in the face of crises. However, its application in the EU has been complicated by the lack of an operational version of the 11 principles.
The RDARR Guide defines clear requirements to facilitate implementation of the standard, covering 7 main areas, including data governance and control effectiveness.
We can help you assess your compliance and translate principles into operational objectives, thanks to our expertise in banking regulations. Discover our detailed analysis here.
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