In recent decades, the financial sector has grown larger and has become more interconnected. This has led to increased systemic risks that in itself resulted in longer and more serious financial crises. We see increased regulation of players on the financial market, mainly banks.
Basel III is in the process of being implementing in laws, rules and regulations. However, authorities planning the introduction of further new regulation under the collective name Basel IV.
Briefly about Basel IV
- Major changes to standard methods
- Increased capital requirement
- Tougher requirements on internal models
- Tougher disclosure requirements
- Increased complexity
FCG’s experience in the Basel regulations extents as far as before the millennium. Most of our consult was driving setting the standard and implementation at EU level as well as at the FSA. FCG can offer support in all areas affected by Basel IV.