How Basel 3.1 is Transforming Regulatory Reporting in Banking
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Welcome to FinTalk by Vermeg, the leading podcast in the financial services industry that addresses the most pressing topics in the regulatory reporting and regtech sectors.
In this episode, our host Jawad Akhtar is joined by renowned industry experts Andrew and Steve. Together, they delve into the intricacies of Basel 3.1 regulations and their significant impact on the financial services sector.
This episode of FinTalk by Vermeg covers:
- Navigating Basel 3.1: Insights into the anticipated updates on market risk management, Credit Valuation Adjustment (CVA), and operational risk.
- Transitional Provisions: What the shortened timeframe means for compliance and how firms should prepare.
- Data Requirements: Identifying new client data fields and understanding their importance for regulatory reporting.
- Strong and Simple Regulations: Exploring the expected minor changes and their implications for financial services compliance.
- Due Diligence: Addressing the upcoming challenges around standardised credit risk assessment (SCRA) and the need for robust internal processes.
- Industry Advice: Practical steps for firms to gear up for these extensive regulatory changes.
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