High standards

Credit Suisse's risk management team is coming to grips with the demands of the new Basel II capital adequacy framework. But chief risk officer Tobias Guldimann questions whether the change will really achieve what it set out to do - improve risk management and capital allocation, and create a more robust international banking system.

"I hear a lot of regulators saying Basel II gives incentives for banks to move to better risk management," says Guldimann. "Actually, it has made life harder