Basel II: An update

April 15, 2005, 1:43 PM — In many ways, Basel II is a wake-up call to financial institutions to consider risk on a strategic basis. According to Gartner, "institutions that establish responsive, integrated risk management capabilities will achieve a lower cost of capital than less-savvy competitors through increased customer retention, reduction in working capital, and improved credit ratings." Any way you look at it, that's a recipe for success.

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