Post by Gutmark, Radtke & Company

Over a decade after #BCBS239 set the standard for risk data aggregation and risk reporting (#RDARR), not a single one of the 25 significant institutions reviewed by the European Central Bank has fully implemented the principles. Only 2 of 31 G-SIBs globally meet all 14 requirements. Some banks have been "remediating" for over eight years... with no credible end date in sight. The ECB has made it clear: patience has run out. The 2024 RDARR Guide anchors accountability directly in the management body, demands explicit remediation timelines, and puts the full escalation toolkit, including sanctions, on the table. RDARR is now a top supervisory priority through 2027, and compliance will be assessed in every #SREP cycle from 2025 onward. This isn't just a G-SIB problem. National competent authorities are cascading the same expectations to mid-sized banks, and any institution pursuing growth or consolidation needs clean data foundations to survive due diligence. In this carousel, I break down the compliance gap, the ECB's new expectations, the root causes of failure, and a practical remediation roadmap for banks that want to get ahead of this before the regulator gets to them.