Oracle Financial Services Analytical Applications Help Organizations Jumpstart Efforts to Meet Compliance Deadline of BCBS 239: BIS Principles for Effective Risk Data Aggregation and Risk Reporting

In early 2013, the Basel Committee announced the Bank for International Settlements (BIS) Principles for Effective Risk Data Aggregation and Risk Reporting and set an aggressive compliance deadline of January 2016 for global systemically important banks (G-SIBs). As financial institutions prepare for this deadline, Oracle Financial Services Analytical Applications offer a comprehensive and scalable solution to support regulatory compliance, enabling organizations to maintain a single source of truth across risk and finance and support data consistency, transparency, security and traceability.