Risk management and stability better under Basel II, but industry unprepared

A survey carried out by the Professional Risk Managers’ International Association (PRMIA), an educational institution, found that while more than 90% of bankers thought Basel would promote better risk management, and almost 80% of respondents believed the banking industry would become more stable, only 56% of bankers said they would definitely be ready in time for implementation. Just 14% of regulators thought all the banks they supervise were prepared for the framework’s introduction. But 55%

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