A survey conducted by Oracle India, i-flex solutions and Indian Banks’ Association reportedly revealed that a majority of Indian banks plan to build comprehensive risk management systems while progressing on their Basel II compliance initiatives. All banks surveyed viewed the extension of Basel II compliance deadline to March 31, 2008 as an opportunity to adopt a holistic approach to Basel II compliance, rather than slackening the pace of adoption, citing data management as one of the key challenges.  Source: The Asian Banker

BIIA Newsletter April – 2007 Issue