Assessments
Created Sep 3, 2024
0 members
1 discussion
The Assessments topic in the Collibra Community is dedicated to creating, managing, and automating data quality and governance assessments. Users explore how to design questionnaires, configure scoring models, and align assessments with business processes—ideal for organizations looking to formalize data evaluations and drive accountability.
Community_Alex
4 months agoMore than ten years after its introduction in January 2013, banks still struggle to fully adopt the Basel Committee on Banking Supervision’s standard number 239 (BCBS 239). This global standard was created in response to the 2008 financial crisis. Its goal is to improve how banks and financial institutions manage risks and make decisions to better handle and mitigate those risks.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.
