New accounting rules put focus on training

"Training is your ‘insurance policy’ for Basel II," said account manager Pepe Halai. "Companies are preparing new systems to comply with these new regulations. If users don’t understand the impact of what they’re inputting, systems can fail."

Basel II, which will require banks to calculate their operational risk in order to put capital behind it, and accounting rules such as IAS 39 and FAS 133, under which banks must mark derivatives to market, are among the new regulations banks are current

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: