Sarbanes-Oxley requirements could complement Basel compliance

NEW YORK - Banks and financial institutions currently establishing processes to comply with Sarbanes-Oxley section 404 reporting requirements should be able to use those same processes to comply with future Basel II operational risk reporting requirements, according to some industry sources.

During a recent operational risk roundtable held by Celent Communications in New York, some participants raised the issue of overlap between section 404 of Sarbanes-Oxley and proposed reporting requirements under Basel II, which seemed to echo overlap concerns banks expressed regarding Sarbanes-Oxley and the Federal Deposit Insurance Corporation’s (FDIC) Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991, which also address internal control requirements, reported by

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here