Basel 3 Implications by Kpmg Essay

7514 WordsAug 16, 201531 Pages
Basel III: Issues and implications kpmg.com Contents 1. The background to a discussion on Basel III 2 2. What are the key outcomes? 3 3. A summary of qualitative impacts of the proposals 4 4. Quantitative impacts of the proposals 5 5. Basel III objectives and time lines 7 6. Summary of the major Basel III recommendations and implications 9 7. Remaining questions 12 8. Actions to consider 13 9. What does the transformation roadmap look like? 14 10. How KPMG can help 15 11. Conclusion 16 © 2011 KPMG LLP a Delaware limited liability partnership and the U.S. member firm of the KPMG network , of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in the U.S.A. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. 23815NSS Basel III: Issues and implications | 1 Preface In the aftermath of the financial crisis of 2008–2009, the Basel Committee of Banking Supervision (BCBS) embarked on a program of substantially revising its existing capital adequacy guidelines. The resultant capital adequacy framework is termed ‘Basel III,’ and the G20 endorsed the new Basel III capital and liquidity requirements at their November 2010 Summit in Seoul. There are many areas of detail needing further development, and worldwide debate and lobbying will inevitably continue—most notably in relation to the whole issue of systemically important financial institutions (SIFIs). The core principles, however, are set, and complying with the Basel III framework is inevitable. With the core framework being adopted by the national authorities, the focus of attention is now shifting towards implementation—determining business impact and

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