BASEL II Compliance Forum

<p><font size="2">BASEL II compliance is becoming an increasingly high priority for many banks in the region as they strive to modernise their risk management approaches in line with the Central Bank's requirements and by the impending deadline of 2011. The need for more robust risk management practices has become even more apparent with examples in recent months of how badly a lapse in controls can damage a financial institution.</font></p> <p><font size="2">Banks in the region are spending over US$ 5.7 million on Basel II implementation. Despite this substantial investment, many of the regional banks are faced with hurdles such as inadequate support from top management, lack of reliable and credible data and dealing with complex technical systems.</font></p> <p><font size="2">In response to the market needs, <em>Finance IQ</em> is developing the <strong>BASEL II Compliance Forum</strong>, focusing on the practical application and benefits of BASEL II. The forum will feature world leading experts in BASEL II compliance and risk management as well as numerous case studies from banks that have successfully implemented the standards.</font></p>