Basel II uncertainties remain
While Sox and compliance issues dominated discussions in Washington, the progress of Basel II in the US took centre stage at the Risk Management Association Global Operational Risk conference in New York.
In discussing the progress made so far by US banks in implementing the Basel Accord, Mark Odell, deputy comptroller for operational risk at the Office of the Comptroller of the Currency, noted that wide discrepancies are being observed by regulators.
"The resources we've seen invested in Basel II preparation among financial institutions have been appropriate on the whole, although there are some
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