Banks seek technology answers for Basel III

With the final version of Basel III now public, banks are looking to prepare for implementation. Will current Basel II infrastructure be able to cope with the requirements or will banks have to introduce new technology to comply? By Clive Davidson

Selwyn Blair-Ford

In Greek mythology, Sisyphus was an inveterate trickster, finally punished with the back-breaking – and endless – task of repeatedly pushing a heavy boulder to the top of a hill. He may well have preferred that, though, to the job of upgrading bank systems for Basel III – elements of which will be subject to change for years to come – and the trading book rules in Basel 2.5, which were published in July 2009 but are due for root-and-branch reform this year (Risk November, pages 34–36).

Given the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here