About this paper
Does Basel III apply to community banks? And if so, what’s required from a technology and process perspective to achieve compliance? In this paper, Tara Heusé Skinner, with SAS Risk Research & Quantitative Solutions, answers these questions and more. Unlike the implementation of Basel II, the latest incarnation of Basel won’t apply just to the largest banks. It applies to all banks with $500 million and above in assets. This paper explores some of the more common myths and misconceptions around the US Basel III final rule and shares SAS’ perspective on them. It also discusses the key issues, challenges and requirements for community banks that will now need to comply with this ruling.