TISAX
Automotive framework for standardized information security assessments
Basel III
Global framework for bank capital, leverage, and liquidity resilience.
Quick Verdict
TISAX ensures information security for automotive suppliers via assessments, while Basel III mandates capital and liquidity resilience for banks. Organizations adopt TISAX for supply chain trust; Basel III for regulatory compliance and systemic stability.
TISAX
Trusted Information Security Assessment Exchange (TISAX)
Key Features
- Centralized ENX portal enables result sharing across OEMs
- Three risk-based assessment levels AL1-AL3 by data sensitivity
- Automotive-specific VDA ISA catalog with 70+ prototype controls
- Reduces duplicate audits via one assessment for many partners
- Maturity grading 0-5 ensures effective control implementation
Basel III
Basel III: Finalising post-crisis reforms
Key Features
- Higher CET1 capital minimum (4.5%) and conservation buffer (2.5%)
- Non-risk-based leverage ratio minimum (3%)
- Liquidity Coverage Ratio (LCR) for 30-day stress
- Net Stable Funding Ratio (NSFR) for structural resilience
- Enhanced Pillar 3 disclosures for RWA comparability
Detailed Analysis
A comprehensive look at the specific requirements, scope, and impact of each standard.
TISAX Details
What It Is
TISAX (Trusted Information Security Assessment Exchange) is an industry framework developed by ENX Association and VDA for the automotive sector. It standardizes assessments of information security, focusing on protecting sensitive data like prototypes and IP in global supply chains. Rooted in ISO 27001, it uses a risk-based approach with VDA ISA catalog for tailored controls.
Key Components
- Seven control groups: policy, organization, personnel, physical security, access, cryptography, operations.
- 70+ controls with maturity levels 0-5.
- Modular objectives: information security, prototype protection, data protection.
- Three assessment levels (AL1 self-assessment to AL3 on-site audits); labels valid 3 years.
Why Organizations Use It
OEMs mandate it contractually for suppliers; non-compliance risks contract loss. Benefits include reduced duplicate audits, market access, IP protection, and supply chain trust. Enhances resilience against cyber threats.
Implementation Overview
Phased: preparation/gap analysis (1-3 months), remediation/tabletops (3-9 months), audit/certification (2-4 months), ongoing sustainment. Applies to OEMs, Tier 1/2 suppliers, service providers; scalable for SMEs to enterprises via ENX portal registration and accredited auditors.
Basel III Details
What It Is
Basel III is the international regulatory framework developed by the Basel Committee on Banking Supervision (BCBS) post-global financial crisis. It sets prudential standards for banks, focusing on enhancing capital quality and quantity, constraining leverage, and ensuring liquidity resilience. The risk-based approach combines minimum requirements with buffers and non-risk-based metrics.
Key Components
- **Three pillarsPillar 1 (capital, leverage, LCR, NSFR), Pillar 2 (supervisory review/ICAAP), Pillar 3 (disclosures).
- Core elements: CET1 (4.5%), Tier 1 (6%), Total Capital (8%), 2.5% conservation buffer, 3% leverage ratio.
- Built on revised RWA calculations, output floor, and standardized liquidity ratios.
- Compliance via national implementation, no central certification.
Why Organizations Use It
Banks adopt it for regulatory compliance in jurisdictions enforcing BCBS standards. It mitigates systemic risk, improves resilience, enables better risk management, and boosts stakeholder confidence through comparability and transparency.
Implementation Overview
Phased enterprise transformation: gap analysis, data/system builds, model validation, training. Applies to internationally active banks globally; involves governance, IT upgrades, and ongoing reporting/audits. (178 words)
Key Differences
| Aspect | TISAX | Basel III |
|---|---|---|
| Scope | Information security in automotive supply chain | Bank capital, leverage, liquidity standards |
| Industry | Automotive suppliers, OEMs globally | Internationally active banks worldwide |
| Nature | Voluntary industry assessment framework | Mandatory prudential regulatory standards |
| Testing | Self-assess to on-site audits (AL1-AL3) | Continuous ratios, supervisory reviews |
| Penalties | Loss of contracts, no legal fines | Fines, asset caps, enforcement actions |
Scope
Industry
Nature
Testing
Penalties
Frequently Asked Questions
Common questions about TISAX and Basel III
TISAX FAQ
Basel III FAQ
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