Basel II spending rises
MEASUREMENT ADVANCES
The survey found that the expected costs of implementing op risk across firms of all sizes has risen to $19.8 million, from $15.6 million. Larger firms, and firms adopting the more sophisticated approaches to op risk have, not surprisingly, higher spending estimates. But some firms are planning to spend significantly less than average -- some 20% of the largest firms responding plan to spend less than $10 million on implementing op risk. And among firms with less than $50 billion in assets, more
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