2  BIS Review 52/2006  Given this situation, it could represent a considerable effort on the part of some of our banks to invest in the major IT project that Basel 2 actually represents in terms of its complex risk management systems and database management.
On top of the high level of technological architecture, Basel 2 involves cost of investment in human resources and skill development across the entire institution for effective risk profiling. It goes without saying that outright implementation costs are significant.