Transaction banks buckle down to Basle III
The more exacting capital requirements of Basle III are prompting cash management banks to fine-tune their offerings.
Cash management banks have spent much of the post-crisis period working with their clients to help them implement regulatory measures such as the Dodd-Frank Act and the Single Euro Payments Area. Now banks are preparing for Basle III, the most important regulatory initiative introduced since 2008. Basle III not only has direct implications for banks’ corporate and financial institution (FI) clients; it could also shake up transaction banking forever. Basle III transforms how treasury departments and banks interact by changing the characteristics of many popular transactions.