US Speeding Up Basel II Implementation

Do you think Basel II has been given the attention it requires in the US?

I think the subprime issue has moved it forward a little more than previously, as regulators were forced to come to a consensus. I think it is better than it was, but I still think that compared with Europe and parts of Asia, particularly Japan, we still have a long way to go.


What impact do you think this slow implementation will have on EDM?

EDM plays a huge role in Basel II. If you are really looking at exposure you h