PR: Risk managers skeptical about Basel III

LONDON--(BUSINESS WIRE)--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.

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