Global

Maged G Fanous is managing partner of the Finance and Performance Management practice in Accenture’s Financial Services operating group.

Basel II: a bleak outlook for the future?

Global banks are taking an increasingly bleaker view of the cost of complying with the Basel II framework for risk management and capital adequacy. As the January 2008 deadline looms and banks move deeper into implementation projects, a survey carried out by Accenture shows that costs are rising, even as expectations of benefits are dropping.