Risk Data Aggregation and Risk Reporting (RDARR) compliance in the European banking sector

Risk Data Aggregation and Risk Reporting (RDARR) compliance has now become a priority for all Europe Union banks for the 2023–2025 supervisory cycle. This stems from the European Central Bank (ECB) developing renewed guidelines for BCBS 239 compliance in the banking sector, following their concerns over continued RDARR framework and practice shortcomings.

Progress to improve data aggregation capabilities and internal risk reporting practices has been slow and – complicated by the scope of such a project (which involves various stakeholders, functions, processes and business units) as well as poor assignment of roles and responsibilities.

Join Monocle and The Banking 50 as we host a round-table discussion with specialist banking stakeholders to discuss:

• Why is BCBS 239 compliance so elusive? – The inherent challenges of BCBS 239 and past experiences with RDARR compliance.
• The seven areas of concern identified by the ECB for improving data aggregation and risk reporting.
• The best ways to approach a RDARR compliance program and manage the significant scope of such an endeavour; and
• The expanded scope of risk and financial reporting, and the implications for BCBS 239 compliance.

Speakers:

• Elize van der Linde – Elize is a strategist and manager with best practice knowledge and skills to unlock and monitor data, information and technology value and risk. Her capability is the result of more than 40 years of experience in areas such as IT, IT governance, information management, information governance, data strategy and BCBS 239 both as manager and in a consultant role. She was previously with FirstRand Bank in South Africa and Aldermore in the UK.
• Catherine Horne – Catherine is a Director at Monocle Solutions and a member of the South African Institute of Chartered Accountants. Over the last 8 years, Catherine has specialized in financial regulations, specifically BCBS239 implementations within the banking industry in South Africa. Catherine assists clients with and end to end implementation of BCBS239 compliance, including but not limited to practical guidance for implementation, delivery oversight and regulatory presentations. She has also supported clients in internal and external assurance processes related to BCBS239.

Who should attend:

• BCBS 239 Programme Leads,
• Chief Risk Officers or Compliance leads,
• Regulatory Change Team leads.

Registration Form

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