Fear and moaning in last stages

Introduction

There is little consensus on the cost of implementing the Accord. Nearly halfthe survey respondents said they did not know what it would cost. The costs associatedwith operational risk are also terra incognito. Forty-five per cent of respondentssaid they don’t know what implementation of the operational risk aspectsof the Accord will cost.

Much of the worries expressed in the survey - about operational risk data,infrastructure needs and increased regulatory scrutiny, for example -