Basel Committee wants better compliance with its risk data aggregation principles

02/3/2014 | Risk.net (subscription required)

The Basel Committee on Banking Supervision has concluded that banks are making a sincere effort to comply with the committee's risk data aggregation principles, but they could do a better job of it. The banks complain that the vague terminology used in the committee's guidance makes it difficult to determine exactly what they are being instructed to do. The committee isn't entirely convinced by that response.

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