Compliance Risk

The implementation of Basel II/FSA Regulations is an opportunity to make quantum leaps in improving risk management, enhancing shareholder value and competitive position, and saving on operational costs through streamlining business processes. idRisk consultants use our maturity model methodology to guide clients through the complex integration and alignment of key processes.

'Facing up to the issues in implementing Basel II' produced by Sherwood Associates Limited, an idRisk associate consultancy, outlines many of the important issues raised by the implementation of the New Basel Accord. Additionally, it provides an overview and high-level tutorial on Basel II and its background. The introduction is aimed at those readers who are not fully informed on these areas. The material is drawn exclusively from the official Basel Committee publications and is presented in a highly edited form to create a concise overview. The paper is divided into two main sections, the first summarises the latest position regarding the New Basel Accord and explores the meaning of operational risk in this context. Part 2 then addresses some of the major issues facing the banking industry as a whole and the individual banks within it.

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