An investigation of the impact of Basel II on the improvement in risk management practice globally

Essay from the year 2006 in the subject Business economics - Banking Stock Exchanges Insurance Accounting grade: A University of Westminster (Westminster Business School) course: International Risk Management language: English abstract: The new Basel Accord will be introduced in 2007 this publication examines in how far the new package of regulations will benefit risk management globally. After evaluating contradictory points of view of several internationally active groups the author comes to the conclusion that even though the final impact cannot yet be observed Basel II is likely to improve the current situation of risk management in the market.