Basel III Accord

Basel III is an international banking accord that replaces the second Basel agreement of 2006. The Accord seeks to improve the banking sector's ability to deal with financial and economic stress, improve risk management and strengthen banks’ transparency. A focus of Basel III is to foster greater resilience at the individual bank level in order to reduce the risk of system wide shocks. Part of this strategy is ensuring an international email disclaimer is incorporated by all organizations to reduce legal risk.

Given that the emphasis of Basel III is on risk management and in light of the fact that the global economy has recently been through the worst recession since the 1930s, it is a fundamental requirement of financial institutions to retain all emails that relate to trade for no less than five years. With stricter regulations in place, it is imperative that data and electronic communications are secure, accessible and accurate via an easy-to-use email archiving solution.

Further information

• International regulatory framework for banks (Basel III)
• Implementing Basel III Europe - European Banking Authority
• Basel III - The Guardian

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