As the pace of business quickens, is your organization keeping up?
Spinnaker Consulting Group helps Fortune 500s get to where they’re going, faster.
Whenever I am asked a business question by an executive, client, or colleague my first thought is “where” can that answer be found?"
It has been a decade since the Basel Committee on Banking Supervision issued standard number 239 (BCBS239), entitled "Principles for Effective Risk Data Aggregation and Risk Reporting" (RDARR or RDAR). BCBS239 was born out of the 2008 financial crisis, which illuminated our collective struggle with aggregating risk exposure and identifying risk concentration across products, customer segments, lines of business, and legal entities in a timely fashion. This timing issue is significant, as sound decision-making hinges on having accurate and current information. BCBS239 was created to guide banks toward better risk management through sound data practices.
As a big football fan, the mantra – from coaches and sports analysts alike – of how the defense protects your house and ultimately wins games has been imprinted upon me.
The Big Picture Suppose you go to your doctor with a nasty cough or nearly bent over with stomach pain. You wouldn’t be too happy if your provider barely looked at you, jotted off a quick prescription and sent you away. Instead, you’d want your doctor to do a full exam, check your lungs for that cough – maybe run a blood test or order some sort of imaging on your abdomen.
Spinnaker is a management consulting firm that ranks #160 on the Inc. 500. #1 on Consulting Magazine’s Fastest-Growing Firms. Member of the Forbes Finance Council. RTD Best Place to Work.