InformationWeek > Operational Risk > European Banks May Face Big Bill For Basel II > September 2, 2003: "Large European banks will spend, on average, 115 million ($124 million at current exchange rates) over five years to comply with Basel II, a set of guidelines to overhaul banking supervision put forward by the Basel Committee on Banking Supervision, an international regulatory body, according to Forrester Research.
The research firm advises clients to embed Basel II changes into core business-improvement strategies, tying investments to improved capital efficiency and reduced operational losses. Among Forrester's recommendations: Make governance dynamic, use enterprise visibility to manage data complexity, design Basel II systems with business users in mind, and partner in industry groups to overcome operational-risk hurdles. "
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