Reģionālā Investīciju Banka Implements OneSumX Update to the New BASEL IV Platform

AS ”Reģionālā investīciju banka” modernized its risk management and regulatory reporting system by upgrading the latest version of Wolters Kluwer's OneSumX for Basel IV platform. This strategic step ensures compliance with the latest regulatory requirements set by the Basel IV framework, as implemented in Europe through the CRR III/CRD V regulations (commonly referred to as RE5 - Regulatory Environment 5).

What is Basel IV?

Basel IV, also known as Basel 3.1, is a global regulatory standard developed by the Basel Committee on Banking Supervision (BCBS) to improve how banks measure and manage risk. Key updates include:

• Enhanced calculation of risk-weighted assets (RWA) for credit, market, operational, and counterparty risks.

• Greater emphasis on the standardized approach and limits on internal models.

• Revised approaches for leverage ratio, operational risk, and CVA risk.

• Global implementation began in January 2023, with full compliance expected between 2025 and 2028. In the EU, the CRR III requirements take effect in 2025.

Why is this important?

Basel IV / RE5 introduces:

• Stricter capital adequacy calculations for increasingly complex risk categories.

• Higher data precision and governance for regulatory reporting.

• Greater transparency and comparability of risk profiles between banks worldwide.

To ensure full compliance, system upgrades are essential, particularly within the EU regulatory framework under CRR III.

Benefits of OneSumX for Basel IV

Wolters Kluwer’s OneSumX platform provides a comprehensive solution for regulatory compliance:

• Automates the collection and processing of risk data to calculate RWA using both standardized and advanced approaches.

• Supports all key Basel IV requirements: credit risk, market risk, operational/CVA risk, and output floor.

• Provides complete traceability of risk calculations and regulatory reporting.

• Reduces IT maintenance and implementation costs through a unified platform.

Key Benefits

• Full compliance with CRR III/CRD V requirements ahead of the 2025 deadline.

• More accurate capital calculation through Basel IV-aligned methodologies (RE5).

• Improved data governance - consolidated and auditable risk data.

• Efficient reporting - streamlined and automated reporting process with full audit trails.

• Integrated risk and compliance - a single system for both risk calculations and regulatory reporting.

 In Summary

This implementation of the OneSumX Basel IV RE5 platform marks a crucial milestone in its digital and regulatory evolution. By aligning with the latest global standards, the bank strengthens its risk framework, improves data transparency, and ensures long-term compliance in an increasingly complex regulatory environment.