Resources for Basel II Capital Accord (Basel II)

Basel II: Making compliance an operational reality

FUJITSU SERVICES

The new regulations specified by the Basel Committee, to be implemented by regulators in each of the G10 countries, will have a significant impact on Financial Services (FS) organisations.
The Basel II Capital Accord and FSA Integrated Prudential Source Book (PSB) will bring these new regulations to the UK and seek compliance from FS organisations by the end of 2006. The impact of these regulations should not be underestimated; requiring considerable changes within affected organisations both in terms of business processes and the IT systems that underpin those
processes.
The main benefit of compliance is generally perceived to be the potential reduction in capital adequacy
requirements. However, there are a number of other benefits which compliance should deliver. These include improved market perception and reduced time to market for new business offers.
This paper describes the role of the IT Department in compliance with new regulation, and also discusses how compliance driven IT investment can deliver much broader business benefit.

View the Resource

Share or bookmarklet this web page at: