Almost a decade after publishing its BCBS 239 principles on data aggregation and reporting, banks are at different stages in aligning with these principles, according to a BCBS report published today.

“Data is King” has become an idiomatic phrase. Banks have an abundance of data, but the recent fines levied by the FCA against prominent UK banks for their failure to accurately report transactions ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The report provides an update on the progress made by 31 G-SIBs ...