BIS: Principles for effective risk data aggregation and risk reporting

Implementation of the principles is intended to strengthen banks' risk data aggregation capabilities and internal risk reporting practices, particularly at globally systemically important banks. Specifically, the principles are expected to support a bank’s efforts to: enhance the infrastructure for reporting key information, particularly that used by the board and senior management to identify, monitor and manage risks; improve the decision-making process throughout the banking organisation; enhance the management of information across legal entities, while facilitating a comprehensive assessment of risk exposures at the global consolidated level; reduce the probability and severity of losses resulting from risk management weaknesses; improve the speed at which information is available and hence decisions can be made; and improve the organisation’s quality of strategic planning and the ability to manage the risk of new products and services.