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:

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: