1. The background to a discussion on Basel III
2. What are the key outcomes?
3. A summary of qualitative impacts of the proposals
4. Quantitative impacts of the proposals
5. Basel III objectives and time lines
6. Summary of the major Basel III recommendations
7. Remaining questions
8. Actions to consider
9. What does the transformation roadmap look like?
10. How KPMG can help
11. Conclusion 16
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Basel III: Issues and implications | 1
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 planning for
compliance. There are strong indications that even though the
framework in principle is...