The scope of Basel IV (Basel III Finalization) is a huge change for the market and goes beyond risk assessment. It will force banks to increase capital levels, adjust business and risk models. It will also have significant impact on a bank’s business by increasing the constraints and rules banks are operating with. These changes will impact the full operational Basel processing chain, with no significant component left untouched.
Cross-dependencies inherent in its implementation require an upfront design of the whole Basel architecture to ensure consistent end results. This is no easy feat and can pose significant operational risks and challenges when tackling gaps and siloed solutions.
This checklist aims at helping you to avoid these major pitfalls and elaborate the best path for adopting a holistic approach to risk management.
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