Integrate Basel II and Financial Reporting Standards, PwC urges banks

In ‘Joining the dots – tackling the Basel II and IFRS debate’, the Banking and Capital Markets division of PwC said banks will need to leverage as many synergies as possible from the massive data requirements that the implementation of both will necessitate.

“The European banking sector is likely to spend over $6 billion to achieve compliance with Basel – it is only fitting that banks should investigate whether an IFRS-compliant approach could be aligned to a Basel II methodology. They

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