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

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