Dodd-Frank slows down full implementation of Basel II

wall street and exchange

"Certain provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act are at odds with Basel II rules and will present challenges for regulators to align and banks to implement," says Alok Sinha, principal at Deloitte, who leads the firm's Basel II and economic capital services in the US.

In addition to the known challenges around data and risk management infrastructure, the Dodd-Frank Act is another item that will delay US banks' exit from their parallel run phase. "Many of the o

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