In 2013, KPMG predicted the emergence of Basel 4 even before Basel 3 had been fully implemented. This report looks back on where we were right, and what may lie ahead for banks.
Basel 3 has been the most transformative and challenging reform that banks have had to implement since the financial crisis. Yet even with all of the areas and issues it covers, as standards often do, Basel 3 has served as a starting point for which national and international policies derive their base.
Two years ago KPMG published “Basel 4 – Emerging from the mist?” in which we predicted the emergence of ‘Basel 4’ even before Basel 3 had been fully implemented. Looking back, we see much of what we predicted has come to pass, and in some cases where international standards and national regulation have become more onerous for banks. In this report, “Basel 4 revisited – The fog begins to clear”, we examine the continuing evolution of Basel 4 and the related parallel tracks, as well as the extent of unfinished business that banks need to take into account.
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