London Banks 'Still Not Fully Compliant' With CAD Rules


London's banks and securities houses are still not fully compliant with the European Union's Capital Adequacy Directive (CAD), say industry observers, despite the passing of the January 1 deadline for CAD compliance.

Most industry consultants and financial institutions contacted by RMO say implementation of CAD technology is still the primary hurdle at this point.

Industry observers add that operational risk issues are expected to arise over the next few months as banks gain more experience of

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