Basel III: ENDGAME

Is the banking industry living up to its own standards? David Loshin and Doug Atkinson dig into the complex world of banking regulations and risk management. They unpack the Basel III framework, particularly BCBS 239, and its impact on the financial industry. From data governance to risk aggregation, they explore why banks are struggling to comply and what it means for the future of finance. Don't forget to like, subscribe, and share your thoughts in the comments below! ****** References: • https://www.bis.org/publ/bcbs239.pdf • https://www.bis.org/bcbs/publ/d559.pdf • https://www.deloitte.com/lu/en/Industries/banking-capital-markets/research/bcbs-239-benchmark-survey-2024.html ****** Information Risk is a podcast hosted by Doug Atkinson featuring David Loshin, a renowned data strategy consultant and director at the University of Maryland. David explores theoretical and real-world examples of 'information risk', the different types of risk that misuse and misinterpretation of data can pose to organizations. ****** Contact David Loshin: https://www.linkedin.com/in/david-loshin/ https://www.twitter.com/davidloshin https://www.knowledge-integrity.com/ ****** Powered by Insight Jam https://insightjam.com 00:00 Introduction and topic overview 03:41 The 2008 financial crisis and its aftermath 09:55 Introduction to Basel III and BCBS 239 14:21 Breaking down the principles of BCBS 239 25:28 Challenges in implementing data governance 35:19 Banks' progress on compliance 43:16 Criticism of Basel III and industry pushback 50:01 The future of banking and potential disruptions 56:20 Concluding thoughts on data importance in finance