"Horizontal reviews" of risks, risk management, and other practices that are conducted across multiple financial firms and grounded in a uniform  2  Daniel K. Tarullo (2009), “Financial Regulation in the Wake of the Crisis,” speech delivered at the Peterson Institute for International Economics, Washington, D.C., June 8.
I have very little doubt that the foreign banks operating in Pakistan will have any serious problems in making the transition successfully but I remain very much worried about our domestic banks - large, medium and small. Although we all have been talking about Basle II for sometime, our response in preparing ourselves have been at best patchy.