Leading the pack
Nordic banks are well ahead with their Basel II programmes compared with their international peers. But there are concerns about home regulator rules and advanced credit risk data requirements. Laurence Neville reports
Nordic banks are at the forefront when it comes to progress in implementing new processes and procedures aimed at meeting the regulatory requirements of Basel II. Many of the larger regional banks that have the Finansinspektionen – the Swedish Financial Supervisory Authority (FSA) – as their home regulator have already made applications detailing which credit and operational risk approaches they will take.
This pace of development has been seen in few other countries, even in the Nordic region
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