Risk overhaul at US banks due to economic capital not Basel II, says Fed's D'Silva

- Christopher Jeffery
- 16 Oct 2003

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D'Silva, speaking in a personal capacity at the Algo Credit Conference in Madrid this morning, said top US bank executives were increasingly aware of the need to implement leading-edge economic capital systems, and were setting aside budgets to achieve these aims. In his view, banks are not pushing ahead with major risk management projects due to the pending Basel II capital Accord, due for implementation at internationally active banks by the end of 2006 - although this may well be delayed.

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