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Banks need to invest more on tech for Basel III compliance 

November 19, 2015

The Economic Times

Banks will need to invest more on technology to collect data and upgrade processes to comply with the Basel III norms by March 2019, says a study. 
In order to meet Basel-III norms by March 2019, banks in India will need to begin collecting relevant data points and upgrade their processes, which could run into several thousands, across the organisation. 
Besides, banks will have to report their liquidity metrics on a daily basis. The study titled 'Basel III standards: Concepts, Issues & Challenges' was conducted jointly by industry body Assocham and National Institute of Bank Management (NIBM). 
"As the impacts of Basel III fully take shape, banks face a paradox, they need to make technology investments for regulatory compliance, even as margins are squeezed and budgets constrained," it said. Read more


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