Sponsor's article > Preparing for Basel II - how urgent?

Delays in Basel II have lulled many into complacency. But despite lack of final details for the regulations, David Rowe argues it is not too early to begin planning and initial implementation.

The debate surrounding revisions to the Basel II capital rules continues (see, for example the recent online debate hosted by the Professional Risk Managers' International Association). There is also uncertainty about the details of the final regulations and repeated deferral of the implementation date. This has lulled many into a wait-and-see attitude regarding meeting the requirements. I believe this ignores the biggest compliance challenge faced by banks, namely, data consolidation.

Merid

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