Introduction of Basel III: Opportunities and Challenges

Madzova, Violeta (2011) Introduction of Basel III: Opportunities and Challenges. Yearbook - 2012, 3. pp. 73-84.

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Abstract

Basel III is an opportunity as well as a challenge for the banks. It was developed from the existing Basel II framework, and the most signifi cant differences for banks are the introduction of liquidity and leverage ratios, and enhanced minimum capital requirements. An effective implementation of Basel III need to demonstrate to regulators, customers, and shareholders that the bank are recovering well from the global banking crisis of 2008 and provide a solid foundation for the next developments in the banking sector. The complexity and demands of Basel III and the commercial demands of the banking world will require a fl exible Basel III management solution that delivers speed, accuracy, and performance to deliver competitive advantage. And those banks that implement the optimal solution will not only have an ideal platform for delivering Basel III, they will also have a solid platform for their future commercial development. Although implementing Basel III will only be an evolutionary step for many organizations, the impact of Basel III on banks and the banking sector should not be underestimated, because it will drive signifi cant challenges that need to be understood and addressed.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Violeta Madzova
Date Deposited: 12 Dec 2012 14:15
Last Modified: 19 Jun 2013 08:06
URI: http://eprints.ugd.edu.mk/id/eprint/3493

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