FRSGlobal

Risk.net, 2^nd March 2011: Banks seek technology answers for Basel III

“Under Basel III, the board and senior managers have very specific roles with regards to risk and risk appetite, where the board or governing body is there to set the risk appetite and the senior managers are there to manage the firm within that. But a bank can only do that on a firm-wide basis if it has a single source of truth, otherwise it faces a heavy data reconciliation process,” says Selwyn Blair-Ford, head of global regulatory policy at Belgium-based risk and compliance software supplier FRSGlobal.

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