Friday, February 1, 2013

Basel Committee Publication

Principles for Effective Risk Data Aggregation and Risk Reporting

The latest version of the PRDAR regulations have been published:

I personally think the clarification on how to 'independently asses compliance' is interesting - separating from audit work to ensure distinction between lines of defence and using staff with specific IT, data and reporting expertise sounds nice...  I just wonder what than results in if you're using internal teams (Can reporting 'experts' in different functional areas play nice?)

Holding my judgment on the the 'expert judgment' sections too

Still.  Quite an enjoyable read IMO

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