Around half of the 294 financial institutions in 38 different countries surveyed are still only in the ‘assessment phase’ according to the poll.
Implementation of the accord, which sets the amount of capital that must be retained to meet financial risk, is due for 2007.
Banks continue to worry about the cost of implementing the system and what kind of information they will have to disclose once it is up and running.
Globally, some 10% of banks are establishing ‘Basel teams’ in readiness for 2007 – in the Asia Pacific region this climbed to 22%.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.