Bank Systems & Technology > Accepting the Risk > September 01, 2003: "THE UPSHOT
- Financial-services companies are becoming more sophisticated about how they track and value the risks they face.
- Business technology plays two roles in this assessment: making it easier to evaluate risks while increasing the risks of technology failure as banks become more dependent on IT.
- Basel II, an accord being worked out among the world's top bankers and national financial regulators, will put greater emphasis on operational risks such as technology failure. And it will likely offer lower reserve requirements for banks that invest in IT to lower their risks. "
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Comment:
Great article with some excellent examples
