Basel III has mainly been developed by the Basel Committee on Banking Supervision in response to the global financial crisis. It is the biggest regulatory change that the banking industry has seen in decades.
The European Commission has drafted its Capital Requirements Directive (‘CRD IV’), transposing the regulatory standards on bank capital adequacy and liquidity of the Basel Committee on Banking Supervision into European law.
We have created a user-friendly CRD IV navigator tool, outlining the details of the Capital Requirements Directive.
How you can turn this to your advantage
How can you turn it to your advantage and make your compliance programme as effective as possible?
The new reform consists of complex and diversified arrangements, both from a quantitative and qualitative perspective. Basel III is about liquidity ratios, capital conservation buffers, changes in the eligibility of capital, leverage ratios and huge challenges, including:
- compliance issues;
- operational issues, in the sense that banks will have to undergo significant process and system changes to meet their compliance objectives as well as having to report and disclose with more transparency;
- strategic issues since institutions will endeavour to reflect on their business model and balance-sheet structure.
How we can assist you
Boosting compliance while turning it into a competitive advantage requires a full range of experience and capabilities. We can assist you in:
- mobilising the necessary resources
- understanding the reform and providing ‘to the point’ training programs
- analysing the impacts compared to Basel II
- advising on the various technical issues of Basel III
- processing the changes, including data and process control
- reflecting on the business franchise
- benchmarking your compliance programme
- coaching your teams
- upgrading communication between competence centres
- providing the assurance required.
Our commitment: to share thinking, experience and solutions with you and be your partner throughout the compliance programme. Our Basel III services in Belgium also allow you to access the PwC
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