What is Data Governance in Banking? Regulations, Frameworks & Best Practices

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A professional-level summary covering key definitions, frameworks, and exam-relevant points.

Key Banking Data Governance Regulations

Regulation	Jurisdiction	Key Data Requirements
BCBS 239	Global (G-SIBs)	Risk data aggregation; data accuracy; timeliness; completeness
Basel III/IV	Global	Accurate capital calculation; risk data quality
GDPR	EU/EEA	Personal data protection; consent; breach notification
DORA	EU	ICT risk management; data resilience; incident reporting
MiFID II	EU	Transaction reporting; data quality; record keeping
Dodd-Frank	USA	Derivatives reporting; systemic risk data; LEI

CDMP Exam Relevance

Banking data governance is not a dedicated CDMP knowledge area but is relevant to Data Governance (11%), Data Security (6%), and Data Quality (11%). Key exam topics include: the application of data governance principles to regulated industries, the role of data quality in regulatory compliance, and the governance requirements for financial data. BCBS 239 is a particularly important reference for CDMP candidates as it provides a comprehensive framework for data governance in a regulated context.

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