QIS – Basel IV/finalisation of Basel III reforms

QIS – Basel IV/finalisation of Basel III reforms

For a Tier 1 Bank in Belgium

The challenge

The unveiling of the Basel IV framework and its upcoming implementation presents remarkable challenges for all banks across Europe. This new regulation brings challanges especially around data and IT architecture because of the nex requirements. The IT infrastructure needs to be more powerful to allow for parallel calculations of STD and IRB approaches whilst at the same time more integrated to ensure data integrity across different disciplines of accounting, risk and regulatory reporting. The challenges that Basel IV brings will highly impact the structure within banks. The European Banking Authority requests that every bank perform a Quantitative Impact Study to get a grasp of the impact of the changes on their infrastructure. In this way, banks are well aware of the implications and can prepare in advance what they need to adapt to be compliant to the Basel IV regulation.

How b.fine supported the client

b.fine has assisted several clients in performing the Quantitative Impact Study reflecting the impacts due to the application of Basel IV/finalisation of Basel III reforms.  Based on b.fine’s  knowledge of the current and future Basel framework combined with its in-depth understanding of the involved regulatory risk engine,  banks can fairly easy assess the impact of the new Basel Accord.  With the study, our clients received a complete overview of the overall impact and implications of the new Basel IV regulation. 

Get ready for Basel IV

With all the changes that banks are facing with the new Basel IV regulation, they are advised to revise their Basel related IT architecture, applications and processes.

What do you need to take into account when revising your processes and technology? Ask yourself the right questions with our detailed checklist, assessments and other relevant information in our ‘Basel IV’ section.

Want to know more?

Different banks underestimate the impact Basel IV will have on their organization. Want to be ahead? Contact us today. 

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