Basel III Implementation

Solution & Benefits Implementation Related Regulations

Basel III Implementation Lifecycle

The Basel III implementation lifecycle includes the following steps, all automatically enacted by the ProcessGene™ GRC Software Suite:

Basel III Implementation step Basel III implementation activity
Basel III implementation context establishment
  1. Definition of Basel III compliance related business processes
  2. Delineation of process diagrams (optional)
  3. Definition of assets within the Basel III scope
  4. Standardization and documentation of Basel III regulations, policies and procedures
Risk identification
  1. Risk description, identification of risk stakeholders
  2. Risk classification and determination of heat-maps
  3. Risk assessment and measurement
  4. Determination of Key Risk Indicators (KRIs)
  5. Risk tolerance determination
Control determination
  1. Definition of controls to mitigate identified Basel III risks
  2. Assignment of Basel III control owners
  3. Scheduling and monitoring Basel III control execution
  4. Assessment of residual risk levels
Requirement management
  1. Requirement definition
  2. Automated requirement workflow management
  3. Requirement fulfillment monitoring
Basel III audit and remediation
  1. Definition and scheduling of Basel III audit plans
  2. Definition of mechanisms for testing ongoing Basel III compliance
  3. Collection, analysis and storage of Basel III audit results
  4. Remediation plan definition, execution and follow-up
Basel III related incident management
  1. Incident recording
  2. Basel III related incident handling (using scheduled workflows)
  3. Basel III related incident analysis and reporting
  4. Incident monitoring and follow-up
Basel III certification
  1. Hierarchal Basel III certification process determination
  2. Establishment of an automated Basel III certification process
  3. Monitoring and reporting Basel III certification status
  4. Archiving Basel III certification history
Multi-Org management
  1. Determination of a global Basel III compliance baseline with mandatory components
  2. Establishing a workflow for examining local (subsidiary) variants
  3. Enforcement of enterprise guidelines, regulations and frameworks within subsidiaries
  4. Control Basel III compliance level both locally (per subsidiary) and globally from a central HQ cockpit

The ProcessGene™ Basel III Software Users

The ProcessGene™ Basel III compliance software provides value to the following users:
  1. C-level management (CEO, CFO, CIO, CRO, COO)
  2. Board of directors
  3. Compliance officers
  4. Internal auditors
  5. Basel III compliance managers



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