Basel II: the global challenge

As group risk director of Standard Chartered, Richard Meddings faces a unique set of challenges ahead of Basel II implementation, because of the number of regulatory jurisdictions its global network falls under.


Richard Meddings, group risk director of Standard Chartered Bank, has an apparently Herculean task ahead of him, but the demeanour of a man quietly confident of success.

“Overall, we’re in good shape,” he says, referring to the bank’s Basel II preparations, “because we started to focus on the task early enough.”

Overseeing the Basel II preparations of Standard Chartered is arguably a unique challenge. Listed in London and Hong Kong, the bank faces a formidable set of ‘home-host’ issues. It not

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