Basel III will require IT changes, an insider says

09/15/2010 | Bank Systems & Technology

Capital and liquidity rules agreed upon by global regulators during the weekend will prompt banks to perform data-integration projects and use different risk models. David Kelly of Quantifi, a maker of financial-modeling software, estimated that major banks will spend more than $100 million each during the next decade to comply with Basel III. This article offers seven ways the rules will affect banks, with a focus on their information technology departments.

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