Basel III is a is a new global standard created by the members of the Basel Committee on Banking Supervision “to strengthen global capital and liquidity rules with the goal of promoting a more resilient banking sector”. The standard will require banks to hold more capital, and higher quality capital, as well as to have sufficient liquidity in case of crisis. This in turn will have a big impact on the business intelligence (BI) systems of banks. More internal monitoring will be needed, and more disclosures to regulators.

For instance, liquidity risk reporting must be provided to the regulators on at least a monthly basis, and if the situation demands it, the frequency for these reports can be increased to monthly or even daily. Such requirements in Basel III add up to present a considerable challenge to banks, and this challenge must be met by a new level of data management.