Beware 'tick the box' approach
LONDON – José-María Roldán warned against implementing a 'tick the box' approach to Basel II by firms, and said global regulators would take a dim view of such a strategy.
Roldán, who was speaking at the OpRisk Europe conference in early April, is the former head of the Committee of European Banking Supervisors and a member of the Basel Committee, as well as director general of regulation at the Banco de Espana.
Like many other national regulators, he advocates incorporating Basel II into a full enterprise-wide risk management strategy. Roldán said executives should be asking themselves: 'What should I be doing in terms of risk management, so that it improves my
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