Global banks concerned over host discretion


Evan Picoult, the managing director and head of the risk methods and analytics unit within the risk architecture department at Citigroup, says there is a real danger that his bank would have to implement more than 100 Basel II frameworks because of the freedom different countries have been given in the Accord implementation process.

Picoult said at a Risk Management Association (RMA) conference on capital management in New York in November, that it would be practically impossible for Citigroup to

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