The Basel Committee on Banking Supervision aimed to strengthen the banking industry by introducing a complex set of reform standards. As such, Basel III has focused primarily on risk mitigation and improving the governance of banking activities. This white paper reviews and analyses the key drivers of Basel III, covering enhanced counterparty credit risk requirements, the introduction of a global liquidity risk standard and the revision of the requirements of capital base. Each area has presented the banking industry with a unique set of challenges, but all have similar technological needs that need to be considered, such as data management, calculations, reports, and analytics.
This white paper provides industry specific insight into key principles of Basel III. Find out about the various challenges and potential technological short comings that need to be considered when introducing regulatory change.