Basel Data Standards & Reporting Rules

The Basel Committee establishes standards to address banking supervisory issues.

With 27 participating countries worldwide, the Basel Committee on Banking Supervision is a forum providing information and expertise on banking supervision. The committee works to establish international guidelines and standards in effective banking supervision, including reporting and capital adequacy.

Data Reconcilliation

Data reporting must be illustrated in monthly balance sheets that can be reconciled against any copy of the bank's general ledger.

Credit Risks

Reported data must be able to be broken down to illustrate credit risks. These credit risks must also be able to be broken down into models used to calculate the risk and the transactions represented.

Consolidation

Data from all business areas must be shown in detailed level. Consolidation of this data should then be placed into high level report source portfolios. Consolidation should be constructed within the legal and internal hierarchy of the firm reporting.

Management System

A management system capable of capturing, storing and consolidating credit risks for the production of reports should be established. The management process must be capable of being audited and controlled as needed.

References

• Bank for International Settlements: "About the Basel Committee"
• Basel II Risk: Risk Management and Regulation Information: "Basel Reporting Requirements"