Banks fear capital add-ons for BCBS 239 failures
Capital add-on is "a stick that's out there", says Santander's Goddard
Anxiety levels are rising among bank risk data professionals.
Many of the world's largest banks have failed to meet the January 1, 2016 deadline for compliance with the Basel Committee on Banking Supervision's principles for effective risk data aggregation and reporting, known as BCBS 239.
The industry will soon learn the consequences of non-compliance, with fines and capital add-ons seen as a real possibility.
"[A capital add-on] is a stick that's out there," says Jerry Goddard, programme
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