Basel II deadlines pushed back

COVER STORY

And as a result of this perception of regulatory uncertainty, firms are holding back on Basel II investment commitments. Indeed, a poll by Operational Risk last month showed nearly 42% of respondents said their firm had postponed op risk investments because of uncertainty in their country's domestic rule-making process.

In Europe, Hector Sants – managing director of the wholesale and institutional markets group at the Financial Services Authority in the UK – confessed at a mid-March conference

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