The Challenge of Local Implementation of Basel III

April 22, 2016 –

John Heaps, Head of Regulatory Reporting Products (APAC), recently sat on a panel discussion in the 2nd India Regulatory AxiomSL | John HeapsSummit held in Mumbai held earlier in March this year. Together with other industry experts, he discussed the various implications and challenges associated with the implementation of the Basel III framework at a domestic level for India specifically.

In this article, John pointed out the need for each bank’s data issues to be resolved strategically not tactically. It was highlighted that establishing data lineage is key, with banks now needing to place greater emphasis on data accuracy through bank systems that are transparent enough to provide reconciliation functions with the underlying source data.

To read the full article on Regulation Asia’s website, including more commentary from Ed and other industry participants, click here.