A big chunk of IT investment will go on the Basel capital accord, known as Basel II, which will require banks to implement a range of new processes for managing credit and operational risk by 2006. Fraud and money laundering regulations and the...
With most other IT investment levels either at a standstill or falling, CIOs face a simple choice. As seen from Dell's use of IT, general and administrative overheads can be one-third the industry's average as well as a source of increased cash...
But risk management is becoming a hot topic in Europe as well - especially among financial services companies that must upgrade their technology and business processes to more effectively handle risk in compliance with the requirements of the...
In Europe, the Basel II capital adequacy framework accord will force companies, especially those operating in the financial services sector, to revise their corporate governance to improve their risk management practices.
UK financial industry regulator the Financial Services Authority (FSA) has set out new guidelines for banking industry compliance with the credit risk requirements of the Basel II accord. A key plank of this will be massive changes to internal...
Implementation of the optional, challenging retail internal ratings basis approach as part of the Basel II capital adequacy requirements. Although the effects of the global sub-prime lending crisis were seen as likely to bite the UK housing market...