AFB Practice Roundtable: Navigating the Regulatory Challenges of BCBS 239 – Key Considerations for Internal Audit

AFB members from internal audit functions are invited to attend an in-person roundtable discussion on BCBS 239 (The Basel Committee on Banking Supervision, Principles for effective Risk Data Aggregation and Risk Reporting (RDARR)).

The roundtable, in partnership with EY, will consider the key principles of RDARR and the difference between the ECB’s and PRA’s expectations for adherence to BCBS 239 and the broader RDARR guidance. The roundtable will also highlight the ECB’s key areas of concern and expectations for banks.

Why attend?

With BCBS 239 getting renewed attention and the regulatory expectations rising rapidly, this facilitated discussion will provide an awareness of the key areas where internal audit can provide value, when undertaking BCBS 239 reviews. The discussion will also include insights into some of the thematic feedback from on-site inspections (OSIs) conducted by the ECB.

AFB will circulate an agenda and a series of questions to attendees in advance which will be used to aid discussions.

The Chatham House Rule will apply to this event to encourage open dialogue and discussion.

There will be refreshments and networking from 08:30 before the roundtable discussion commences at 09:00.

Please note that capacity for the roundtable is limited to 30 members and one person per member bank.

Who should attend?

Internal audit teams of AFB member banks.

Facilitators

Jeremie Lyazghi

Jeremie is a Partner in EYs risk consulting practice with a focus on BCBS239. He has led large scale BCBS 239 compliance programs. He is an expert on ECB on-site inspections related to Market Risk and Counterparty Credit Risk.

Soofia Noor

Soofia is a Senior Manager in EYs technology consulting practice. She leads EY’s risk technology team. She has led programs related to ECB and PRA exams to meet FRTB, BCBS 239, IMA Waiver and PruVal requirements.

Logistics

Fee:          Included in AFB membership (no fee)

Format:    In person at:  EY Canary Wharf, 25 Churchill Place, E14 5EY

Date:        Thursday, 24 April 2025

Time:        09:00 – 10:30 (arrival & breakfast from 08:30)

If you would like to submit a question or have any specific questions that you would like the session to address, please send them to the AFB at secretariat@foreignbanks.org.uk. You will receive details on how to join this in-person session a week before the event.