Implementation challenges in Basel II advanced approaches
(skills,technology)
ØWhile all
commercial banks in India have adopted standardised approaches under Basel II
by March 2009, the implementation of advanced approaches is under various
stages. As the advanced approaches are technology intensive and also require
highly skilled workforce, it is going to be challenging for banks going
forward.
ØAvailability of
data for building and testing advanced models and for building scenarios would
be another serious challenge.
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