“Basel III is upon us. Although banks appear to be coping well with the capital-related elements of the regulations, they are having to make fundamental changes to the way they do business – and a ‘Basel IV’ looms on the horizon.”
As part of a sponsorship with the FT, EY have contributed to a risk and regulatory supplement featured in the Davos edition of the FT Banker magazine. The publication was launched on Thursday 2 January and will be circulated to a global audience of 90,000 and a further ~ 3,500 attendees at the World Economic Forum in Davos, 22-25 January 2014.
The supplement is titled ‘Transforming the Bank’ and places a spotlight on the complexity of regulatory issues facing banks in 2014. One of the featured articles looks specifically at how banks are coping with new capital requirements and includes comments from Patricia Jackson (EY’s head of financial regulatory advice) and Peter Davis (EY North America’s head of financial risk management services).