UK banks set to spend £2.5bn on Basel II implementation, says Accenture
Complying with Basel II regulations could prove a long and difficult process, with UK banks estimated to spend £2.5 billion doing so, a new report suggests.
US banks, in general, estimate the cost of compliance as being slightly lower than their European counterparts. But Andrew Wilson, Accenture managing partner for risk and regulation management in North America, said:
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