Wolters Kluwer and UK Finance to explore Basel IV Impacts

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business is holding a webinar with UK Finance on May 6^th, dedicated to exploring the implications of Basel IV.

At the end of March it was announced that Basel III finalisation (a.k.a Basel IV), originally due to come into force in January 2022, will be delayed by a year, giving a new implementation date of January 1^st, 2023.

“Whilst The Bank for International Settlements proposed a deferral of Basel IV implementation to increase operational capacity of banks and supervisors to respond to COVID-19, banks can now use this time to explore strategies that leverage Basel IV compliance to help run their business more effectively,” experts at Wolters Kluwer point out. “Calculating regulatory metrics is an inevitable part of the Basel IV compliance. However, deploying solutions with the ability to forecast these metrics can significantly enhance business decision-making.”

In fact, banks can derive long-term benefits with a strategic and holistic approach to Basel IV, Wolters Kluwer adds. Topics up for discussion at the webinar include exploring what the Basel delay due to Covid-19 mean for UK banks. New Prudential Consolidation Rules and Reporting will also be explored and speakers will also examine how projecting exact Basel IV regulatory metrics will help better manage a business.

Speakers include Xavier Dubois, Director of Risk and Finance for Wolters Kluwer FRR. With more than 20 years’ experience within the regulatory, risk and finance sphere, Dubois “has acquired an in-depth theoretical and practical knowledge of the financial and banking industry.”  He joined Wolters Kluwer in 2014 and has held several roles within the firm including within the development, professional services, pre-sales, marketing and product management teams.  In his current position as Director of Risk and Finance, Dubois leads and co-ordinates Wolters Kluwer’s Basel IV initiative within EMEA, encompassing solution areas including Market, Credit and Financial Risk Management, as well as strategic and business implications, IT and data management.

Simon Hills, Director of Prudential Policy for UK Finance, will also be sharing his insights. Hills leads the Prudential Capital and Risk team at UK Finance, which focuses on influencing the implementation reforms to capital and liquidity requirements in the UK. He leads UK Finance’s work on the senior managers’ and certification regime (SMCR), which seeks to improve bank-wide governance and culture, and has extensive knowledge of prudential regulatory architecture.

UK Finance describes itself as “the collective voice for the banking and finance industry.” Representing more than 250 firms across the industry, it acts to “enhance competitiveness, support customers and facilitate innovation.”

Wolters Kluwer FRR, which is part of the company’s Governance, Risk & Compliance division, provides integrated regulatory compliance and reporting solutions. It supports regulated financial institutions in meeting their obligations to external regulators and their own board of directors.

Wolters Kluwer FRR receives frequent independent recognition of its excellence and innovation, celebrating a record year for award wins in 2019. Risk magazine recently awarded the company its coveted Regulatory Reporting System of The Year Award for the second year running and Waters Technology has named the company the Best Market Risk Solution Provider in its annual Technology Rankings. Wolters Kluwer is also the #1 provider in both Regulatory Reporting and Liquidity Risk according to the RiskTech100, as compiled by Chartis Research.