Seven pitfalls for Basel II operational risk implementation

BearingPoint, one of the world’s largest business consulting and systems integration firms, has issued a white paper, “Seven Pitfalls In Basel II Operational Risk Implementation,” detailing the steps companies need to avoid in complying with the still-evolving requirements of Basel II.

The paper addresses the fundamental issue that while Basel II is moving banks and other financial services companies to explicitly identify, measure and report information related to operational risk, what Basel II will precisely require still remains a work in progress.