Adapting to Basel III and IV
First published:
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Developing and Implementing Effective Fintech Strategies
Introduction
Environmental Forces: Economic Instability, Low Interest Rates, Change in Demographics, Continuing Regulatory Changes and Digital Evolution
Current Practices and their Shortcomings in Risk, Capital, Business-mix and Performance Management
Evolution of Economic Capital Measurement and Management
Integrated Capital Management: ICAAP and ORSA
Procyclicality Management: Developing a Coherent Risk Rating Framework for Risk Management, Capital Management, Stress Testing and IFRS 9 Purposes
Capital Optimisation and Business-mix Management
Performance, Profitability Management and Hurdle Rate
Optimal Management of the Interest Rate Risk in the Banking Book
Prudent LGD Estimation for Mortgages
Developing and Implementing Effective Fintech Strategies
Implementing IFRS 9 by Adapting AIRB Models
Organisational (Re)alignment
Consider the following:
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70% of young adults would rather visit the dentist than a bank;11 See 60 Minutes (available at http://www.cbsnews.com/news/fintech-shaking-up-thefinancial-industry-2/).
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bank-machine received deposits are 10 times cheaper than in-branch received deposits, while fintech-based deposits are 100 times cheaper than in-branch received deposits;22 See Huffington Post (available at http://www.huffingtonpost.com/nikolai-kuznetsov/howfintech-is-changing-t_b_11240444.html). and
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one of Canada’s favourite banks is Tangerine Bank, which is not one of the big five.
Let us examine these three facts. The majority of young adults avoid bricks and mortar bank branches, and many of these members of Generation Z may never have actually had the experience of using a high street bank. Fintech offers tremendous efficiency benefits that are becoming a differentiator in an increasingly competitive environment. We are at a point in business history where it is no longer practical and cost-effective to scale manual processes as the technology is available and mature enough to automate many of them. However, it is the last of the three bullets above
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