Integrate Basel II and Financial Reporting Standards, PwC urges banks
Financial firms should consider integrating compliance with Basel II and the International Financial Reporting Standards (IFRS) to avoid overspending on regulatory compliance, according to a report by PricewaterhouseCoopers (PwC).
“The European banking sector is likely to spend over $6 billion to achieve compliance with Basel – it is only fitting that banks should investigate whether an IFRS-compliant approach could be aligned to a Basel II methodology. They
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