On the RDARR: Enhancing Risk Data Aggregation and Risk Reporting

Key Takeaways

• Banks of all sizes can use BCBS 239 as a guide in building operationally efficient and resilient risk data aggregation and risk reporting (RDARR) practices
• The principles also can influence regulatory reporting, financial reporting, RRP, operational reporting, and your work with third-party data providers 
• A centralized ecosystem that serves as a governing hub to define, execute, monitor, and assess work can enhance RDARR programs