Processes and systems, along with the way risks are managed, are signifying a new era in the global financial services market, according to the results of an Ernst & Young poll of over 300 banks.Patricia Jackson, Ernst & Young partner and former member of the Basel Committee, says: "Basel II is recognised as more than a regulatory requirement. Our survey indicates that senior banking executives are beginning to appreciate the long-term impact of Basel II on their own organisations and banking as a whole."
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