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BCBS239

A Renewed ECB Priority

RDARR One-Pagers

On 3rd May 2024, the ECB released its Guide on Effective Risk Data Aggregation and Risk Reporting (RADRR). The Guide covers seven areas, which are considered prerequisites for sound data governance and effective processes for identifying, monitoring, and reporting risks. Avantage Reply is releasing One-Pagers covering the seven areas:
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    UNDERSTANDING AND IMPLEMENTING BCBS239 IN LINE WITH ECB SUPERVISORY EXPECTATIONS

    Avantage Reply offers specialised support to Significant Institutions (SIs) and interested Less Significant Institutions (LSIs) in navigating and implementing the principles of BCBS 239. Our services are tailored to align with the supervisory expectations of the ECB and national competent authorities such as ACPR (France), BaFin (Germany), Bank of Italy, CSSF (Luxembourg), and NBB (Belgium), ensuring that your institution not only meets regulatory requirements but also benefits from enhanced data management capabilities.

  • THE ECB'S SUPERVISORY PRIORITIES FOR THE PERIOD 2023-2025

    Since the release of the BCBS239 Principles in 2014, the European Central Bank (ECB) has been urging European banks to comply with these Principles. These Principles cover three main topics: - Overarching governance and structure, - Risk data aggregation capabilities, - Risk reporting practices (often referred to by the ECB as 'RDARR').

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    Avantage Reply

    Avantage Reply is a pan-European Financial Services (FS) management consulting firm, delivering change initiatives in Risk, Compliance, Finance and Operations. Avantage Reply has operations in Amsterdam, Brussels, Frankfurt, Lisbon, London, Luxembourg, Milan, Munich, Paris, Rome and Turin. Our consultants advise on and deliver pragmatic solutions, supported by comprehensively tested analytical techniques using proprietary solutions, methodologies and prototypes. Being part of the Reply Group, Avantage Reply successfully leverages on the group’s technology competencies to deliver on client engagements. More details at

    www.avantagereply.com