Author: Li-May Chew

Survey
May, 2008  -  Doc # FIN212013
Number of Pages: 34
Number of Figures: 25

This Financial Insights report is a sequel to our 2006 Basel II publication (see Basel II and Risk Management Survey of Asian Banks: Has a Risk Culture Taken Root?, Financial Insights #FIN204546, December 2006) on institutions' change management programs for risk management. With the initial excitement long faded and deliberation on the finer points of Basel II being ironed out, banks are progressing toward fine-tuning their implementations in preparation for looming datelines. This report attempts to capture the extent of groundwork to date for Pillars 1 and 2. Respondents also shed light on their risk-spending patterns and on how these Basel initiatives are driving operational and strategic value. We also propose prescriptions for getting banks' risk management implementation up to speed and make suggestions for vendors playing in this space.

"With these updated findings, we are able to track the industry's risk implementation over the last two years and provide a useful benchmarking tool for industry practitioners," said Li-May Chew, CFA, senior research manager for Financial Insights' Asia/Pacific Insurance Advisory Service.

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Asia/Pacific Risk Management Advisory Service

Asia Pacific (regional research excluding Japan)

Business Areas, Data Management, Insights: Financial, Insurance, Risk Management