Markit: RDA - do the responses stack up?
In a similar vein to the BIS’ recent progress report on BCBS 239, Markit commissioned its own survey. 29 global banks responded. So what difference did it make to the results when it’s not a regulatory body asking the questions? Are the answers perhaps less guarded and more honest? Or do the answers stack up?
We know from the BIS progress report that compliance gaps are clearly apparent. 14 of the respondent 30 banks, up from 10 in the previous year’s report, indicated that they will be
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