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Fitch Solutions: Risk Managers Still Coming To Terms with Basel III Regulation

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According to a delegate voting poll taken at the latest series of Fitch Solutions ‘Managing Credit & Counterparty Risk’ seminars this month, 43% of risk managers remain unsure if the new Basel III regulations will help them manage risk more effectively, whilst 32% believe it will improve effectiveness and, in contrast, 25% believe it will not.

“These results indicate the continued uncertainty in the market on the impact of these regulations, particularly with regards to the treatment of the Credit Value Adjustment under Basel III,” said Thomas Aubrey, managing director, Fitch Solutions, London.

When asked whether regulatory uncertainty, the European sovereign debt crisis or rising inflation was the most key issue facing the risk management industry, 52% voted for the European sovereign debt crisis, closely followed by 43% selecting regulatory uncertainty, whilst rising inflation was considered much less of a concern with only 5% of votes.

“Our managing credit and counterparty risk seminars serve as a valuable forum for delegates to share their knowledge, experiences and to discuss potential solutions to these regulatory challenges,” Aubrey added.

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