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A better way to navigate the requirements of BCBS 239
Although the European Central Bank (ECB) considers BCBS 239 compliance a top priority, only 2 out of 31 assessed global systemically important banks (G-SIBs) were deemed fully compliant with all principles, and no single principle has been fully implemented by all banks (PwC, 2023).
Understanding and implementing BCBS 239 is crucial for financial services leaders to maintain regulatory compliance, mitigate risks and promote data-driven decision-making. Failure to comply can result in significant financial penalties, reputational damage and increased scrutiny from regulatory bodies.
Read the blog here.
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