Differing adoption rates of Basel III in Asia cause risk technology challenges
Strong balance sheets mean Asian banks are well placed to meet Basel III increased capital requirements but as regional regulators are implementing the new framework at very different speeds the technological challenges of meeting the rules could be significant
The evolution of the Basel Committee on Banking Supervision’s Basel III rules has provoked debate on a global basis. But for Asian banks an extra issue is the sheer diversity of local regulations – and while firms in the region are more able to meet the liquidity and capital requirements of the latest Basel iteration, the assessment and reporting infrastructure this requires is entirely new.
“We are seeing some of the strictest implementations of Basel III coming out of Asia, including Singapore
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