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Implications of Basel II and IAS 39 for Business Operations and IT Systems
We believe that Basel II and IAS 39 provide sufficient financial incentives to justify a major restructuring of Banks' MI systems. We also believe the Basel II regulation will cause an extensive business training programme to trap and centrally record operational risk “Events”.
There are two reports in this month's edition of Howbankswork that describe the likely impact of Basel II and IAS 39 on current business operations and IT systems.
Report: 2.3: MI Systems Architecture Implications of Basel II and IAS 39
This report contains -
- A description of the Current MI systems of a typical UK bank
- The principle BASEL II required changes to current MI systems
- The principle IAS 39 required changes to current MI systems
- The “Ideal” MI systems architecture
- The “Not too clever” Systems response to these new regulations
- The “Sound” Systems response to these new regulations
Report 2.4: Basel Operational Risk Implications
This report examines -
- The minimum requirements for operational risk
- The short to medium term requirements for operational risk
- The longer term requirements for operational risk
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