UK banks can save money by delaying Basel II implementation, says Cass research

Senior finance lecturer at Cass Business School, Alistair Milne, with Tim Giles of the consultants Charles River Associates, conducted the research to determine the cost benefits of adopting the standardised approach (STA) or the more advanced internal ratings-based approach (IRB) to measure credit risk. “Research into the cost benefits of the two levels of compliance, has shown banks could save substantial amounts of money by setting their own, slower, timetable for advanced compliance,” sa

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