Basel III Endgame: what you need to know
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Summary
Increased scrutiny surrounding the Basel 3 Reforms has intensified in recent months, following failures and distress in some banks. However, the implementation of the reforms, scheduled to take effect in key jurisdictions from 1 January 2025, remains a significant challenge for banks worldwide. Our latest survey reveals notable disparities in banks’ approach and readiness, resulting in varying costs and potential capital impacts. As banks move forward, they will need to balance a focus on operational implementation with astute commercial decision-making, while remaining agile in their response to regulatory and environmental changes.