Banks seek technology answers for Basel III

An uphill struggle

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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