Titelaufnahme

The financial crisis of 2008 had a big impact on the global economy. The problems that banks had to deal with affected our world economy in a dramatic way. Banks required bail outs of the countries which resulted in high government debts. In order to avoid further crisis in the future the Basel Committee published an innovated version of Basel II, which is known as Basel III. This thesis gives an insight on the innovated worldwide regulatory standard for banks, Basel III. It shows the big effort and costs a small Austrian bank has to deal with during the implementation of Basel III. Within the theoretical part this thesis gives a quick overview of the different bank models in Austria and explains the motives behind bank regulation before it focuses on the innovated parts of the regulatory standard. The empirical part sheds light on if the effort and costs of the implementation process meets the benefits of that innovated regulatory framework for banks.