Traditional Challenges for DIY Banks
“Our Business Analysts can tackle that Basel Accord!”
For anyone who has read the Accord tip-to-stern at least once, there seems to be a common reaction….it will never make it onto any best-sellers list.
At first blush, it is equal parts complexity and subtlety; its references point to myriad other passages, a significant number of passages appear to be in conflict with one another, and other passages still make sense only in the theoretical world, nothing at all to do with the operation of a real bank.
After the reader has gone cover to cover for the fifth time, another realisation crystallises, that each time read, another material aspect has magically made itself known to the reader, which begs the question, “How many times must the Accord be read before ‘all’ of its requirements are identified and understood?” and “Are there consequences if my bank inadvertently misses some of these requirements?”
But…there may just be a solution on the horizon which can demonstrate to your bank that it has meted out, documented, and accommodated every last requirement… Why not talk to us at RegCap? |
