Basel II remains cloaked in mystery in US
NEW YORK – The political waters around Basel II remain murky, according to US-based operational risk executives, consultants and software vendors.
While it is clear Basel II has taken something of a back seat at most US firms – several executives report a slowdown in the implementation programme or the redirecting of funding to other, more pressing, compliance projects – it still remains far from certain Basel II will be passed into final regulation in time for banks to hit the current US deadlines.
Some in the industry have even expressed
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