Given the revisions brought about in Basel III, banks will need to have a strategy in place to achieve compliance by 2019. At Aptivaa, we propose providing assistance to banks with a clearly- defined strategy to prepare them for making the gradual shift towards Basel III compliance. This preparation involves:     

  • Conducting thorough Data Gap and Data Quality Assessments to eliminate all possible data availability and credibility issues during implementation    
  • Reworking existing systems to improve data reporting and daily risk calculations    
  • Establishing a comprehensive Enterprise Risk Data Warehouse for integrated reporting requirements    
  • Incorporating a comprehensive ERM Architecture within the bank    
  • Establishing strict and well-defined Data Governance practices    
  • Working towards generation of required capital for the inclusion of Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) as part of the Liquidity requirements specified in Basel III    
  • Gradual infrastructure builds to better gauge the new Counterparty Credit Risk reforms