From Rulebook to Reality: Lessons Learnt from a Basel 3.1 Implementation Programme

Basel 3.1 has moved from regulatory interpretation to real-world implementation, requiring banks to translate complex requirements into practical changes across data, systems, modelling, reporting and governance. In this episode of the Monocle Insights Podcast, Rogan Pietersen and Richard Hough from ICBC Standard Bank Plc unpacked the key lessons learnt from their ongoing Basel 3.1 implementation programme. The discussion highlighted the importance of early impact assessments, clear ownership, strong alignment between business and technology, and implementation approaches that support both compliance and long-term operational resilience. For banks preparing for the looming Basel 3.1 deadline, this episode offers practical insight into the challenges, decisions and delivery disciplines required to implement regulatory change effectively. The views expressed in this podcast are Richard’s own and do not necessarily represent those of ICBC Standard Bank Plc.