UK banks set to spend £2.5bn on Basel II implementation, says Accenture

A survey of 63 banks in Europe and North America carried out by the consultancy Accenture found dwindling optimism and rising predicted costs for the implementation of Basel II. US banks are lagging European and UK banks, largely because of disputes between different regulators.

US banks, in general, estimate the cost of compliance as being slightly lower than their European counterparts. But Andrew Wilson, Accenture managing partner for risk and regulation management in North America, said:

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