The Role of Cloud and Big Data in Basel Regulatory Compliance
The Role of Cloud and Big Data in Basel Regulatory Compliance
Ravikumar Mani Naidu Gunasekar
TLDR
The implications of Basel III final reforms on regulatory reporting architecture and the evolution of the Basel framework are explored, including challenges in data aggregation and compliance, and strategic solutions including cloud adoption, AI, and data governance.
Abstract
This article explores how cloud computing and big data analytics are transforming the way financial institutions comply with Basel regulatory frameworks (Basel III and IV). It highlights the technological enablers, use cases, benefits, and challenges, and provides a forward-looking perspective on regulatory technology (RegTech) adoption.
This article explores the implications of Basel III final reforms on regulatory reporting architecture. It discusses the evolution of the Basel framework, challenges in data aggregation and compliance, and strategic solutions including cloud adoption, AI, and data governance. Diagrams and case studies illustrate the transformation in reporting practices and future trends.