Basel Committee says world's biggest banks can't report risk adequately
The Basel Committee on Banking Supervision today issued a progress report on how banks are adopting the committee's principles for effective risk data aggregation and risk reporting.
The committee's Principles for effective risk data aggregation and risk reporting, published in January 2013, aim to strengthen risk data aggregation and risk reporting practices at banks to improve their risk management practices, decision-making processes and resolvability. Firms designated as global systemically
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