What It Is

AS9110C (AS9110:2016 Rev C) is an internationally recognized certification standard for quality management systems (QMS) in aviation maintenance organizations (MROs). It builds on ISO 9001:2015 with aerospace-specific additions for continuing airworthiness, using a risk-based thinking approach via Annex SL HLS and PDCA cycle.

Key Components

• Core clauses 4–10 covering context, leadership, planning, support, operation, evaluation, improvement
• Aviation additions: configuration management, counterfeit prevention, product safety, human factors, traceability
• Integrated risk management (Clauses 6.1, 8.1.1); documented information replacing procedures
• Certification via IAQG OASIS after audits demonstrating full QMS operation

Why Organizations Use It

• Meets customer/OEM contracts and regulatory alignments (FAA/EASA Part 145)
• Mitigates safety risks, ensures traceability/airworthiness
• Enhances market access, on-time delivery, customer satisfaction
• Builds stakeholder trust through auditable evidence

Implementation Overview

• Phased: gap analysis, process design, training, internal audits, certification (6-12 months typical)
• Applies to MROs globally regardless of size; requires operational maturity pre-audit

What It Is

Basel III is the global regulatory framework developed by the Basel Committee on Banking Supervision (BCBS) following the 2007-2009 financial crisis. It establishes prudential standards to strengthen bank resilience through enhanced capital quality and quantity, leverage constraints, and liquidity requirements. The approach combines risk-weighted assets (RWA) with non-risk-based backstops for simplicity and comparability.

Key Components

• **Pillar 1Capital ratios (CET1 ≥4.5%, Tier 1 ≥6%, Total ≥8%), leverage ratio (≥3%), LCR (100% for 30-day stress), NSFR (≥100% for 1-year funding).
• **Pillar 2Supervisory review process (ICAAP, stress testing).
• **Pillar 3Standardized disclosures (RWA comparability, leverage templates).
• Buffers: Capital conservation (2.5% CET1), countercyclical, G-SIB/D-SIB. Compliance via national implementation, no global certification.

Why Organizations Use It

Primarily mandatory for internationally active banks to meet jurisdictional laws, reducing systemic risk and model over-reliance. Benefits include usable buffers in stress, lower funding costs, improved comparability, and strategic balance-sheet optimization.

Implementation Overview

Phased enterprise program: gap analysis, data/system builds, model validation, governance. Applies to large banks globally; involves audits, no formal certification but RCAP assessments.