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"What Do We Do Now?" A Basel II Voter‘s Guide for Undecided Banks

Published by: TowerGroup

Published: Oct. 1, 2004 - 17 Pages


Table of Contents


TowerGroup Take-Aways




Report Coverage


Exhibit 1: Basel II Timetable for US Banks (2004)




The Basel Dilemma




Basel II: the "Right" Way

Read, Mark, Learn, and Inwardly Digest the Accord


Exhibit 2: Basel II: Key Elements of the Three Pillars (2004)


Ask the Right Questions

Understand Both the Letter and the Spirit of the Law


Exhibit 3: Basel II Pillar I: Advanced IRB and AMA Requirements (2004)

Exhibit 4: Basel II Pillar 2: Advanced IRB and AMA Requirements (2004)

Exhibit 5: Basel II Pillar 3: Advanced IRB and AMA Requirements (2004)


Approach Basel II from an Enterprise Level

Perform an Operational Self-Assessment and Gap Analysis

Include a Culture Assessment


Exhibit 6: Basel II: Basic Questions for a Bank's Self-Assessment


Covet Data Integrity

Develop a Detailed Risk Management Project Plan

Include an Internal Risk Culture Transformation Program

Answer the Question Again: "Why Are We Adopting Basel II?"




Basel II: The "Wrong" Way

Do Not Expect to Find "Basel in a Box"

Do Not Approach Basel II Simply as a Ticket to Reduced Capital

Do Not Think Basel II Compliance Can Be Outsourced

Do Not Think Basel II Is Only for Large and Powerful Banks


Exhibit 7: Dos and Don ts for Banks Evaluating Basel II




Summary

Abstract

In many respects, banks considering the recently adopted Basel II Capital Accord (Bank for International Settlements, Basel Committee on Banking Supervision, International Convergence of Capital Measurement and Capital Standards, June 2004) find themselves in the same frame of mind as Redford's character. After six years of committee meetings, negotiations, working drafts and impact studies, public debate, and political posturing, the long-awaited Accord is no longer a hypothetical question or a "future outcome." It is now a done deal, even though its gestation period will last another three years, and the banking world now has to adjust its reality. By January 2008, "all internationally active banks" must have implemented the framework's broad requirements for measuring and managing their business risk exposures more effectively. Not only that, they must demonstrate that they have integrated their risk measurements into their ongoing business decision making. The "real" deadline is much sooner, however, since regulatory approval of internally developed programs will require several years of historical loss data and at least one year of "live" parallel operation to document their validity.

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