The first steps refer to the formation of a plan – process routes, descriptions, etc. Next comes the implementation of these plans within the company tools, processes, metrics, and roles/bodies.
Based on past experiences on similar assignments, we consider the tight involvement of business to be paramount to the success of the project. We expect at least the following items to be delivered by the business representatives (Risk and/or Finance Department) and not outsourced to ensure a smooth and viable collaboration with the Data Office and the IT teams in charge of the development.
To tackle BCBS 239 principles in an adequate manner, we provide tailor-made support and pre-defined templates for all these deliverables.