Basel II Falls Flat
Despite increased efforts, banks are less certain about the benefits of Basel II compliance, according to a recent survey by Accenture. The survey queried senior executives responsible for Basel II compliance at 63 of the largest banks in North America and Europe.
Across all geographies, there was a sharp decline in the positive perceptions of specific benefits from implementing Basel II compared to a similar Accenture survey conducted last year. Only 35 percent of respondents in this year's survey say they strongly agree that Basel II will improve capital allocation, compared to 55 percent last year. In addition, only 19 percent of respondents strongly expect enhanced market perception to result from compliance, down from 59 percent; and only 25 percent strongly expect enhanced process efficiency, down from 43 percent.
--- On The Net