Despite the timeline reprieves given by the Basel Committee on Banking Supervision (BCBS) as a response to COVID-19, extensive updates to expanded Basel III requirements have still been coming into effect in an ongoing basis. The expansion and accompanying new calculation rules mean that financial institutions are feeling the pressure of accommodating changes occurring in both the near and medium terms. The new Basel driven requirements involve more than a simple finalization of Basel III reforms. In fact, the rules are so comprehensive that they have been informally dubbed “Basel IV”. Firms must keep current with this new scenario and prepare for its ramifications amid quickly evolving global regulations.