The years following the implementation of the Basel II Accord saw a surge in the reliance on various models by large international banks. 2/5  BIS central bankers' speeches  The 2008 financial crisis revealed weaknesses in Basel II. The risk-sensitivity of Basel II capital requirements were questioned as they were found to have exacerbated pro-cyclicality with deepened likelihood of crisis.
Wings of change – mobile banking Over the last few years, the mobile and wireless market has been one of the fastest growing in the world. Mobile phones have become an essential as well as conveniently available communication tool for almost every individual. Using this technology for funds transfers as well as retail payments holds a huge potential.