Delay of Basel II process in US will not affect Europe

She said this at a recent Ernst & Young Forum on "The Impact of Converging Regulatory Requirements on the Financial Services Industry".

Jackson, who is now a partner in the financial services risk management practice of Ernst and Young, says Europe "has spent too much" to delay Basel II implementation timetable as a result of a delay in the US.

"The European Commission is proceeding with more binding provisions, and they will not be likely to delay any of the process as a result of