Resources for Basel II Capital Accord (Basel II)

41% believe US banks compliance reporting ‘labour-intensive’ says FRSGlobal survey

www.bobsguide.com

An online survey conducted by FRSGlobal, the leading provider of multi-country regulatory reporting solutions, has found that 41% of respondents consider their business’ reporting process lacking in standardisation, with 17% of respondents saying that a standardised process is non-existent. Over a quarter of respondents (25.5%) expressed low levels of confidence in their organisations ability to measure operational risk.

The survey was conducted following a webinar to discuss Basel II implementation in the US. The Final Rule agreed by US regulatory agencies on the implementation of the advanced approach for capital adequacy measurement was announced just on November 1st 2007. The webinar, attended by over 100 financial services and compliance professionals, saw Andrew Liegel, product management specialist at FRSGlobal run through the key features of the Final Rule for US institutions.

View the Resource

Share or bookmarklet this web page at: