Developments in software investment among Organisation for Economic Co-operation and Development (OECD) countries reveal that investment by the United States, the United Kingdom, Germany, and France has risen sharply since 2000, growing by 2.4 times in the United States and France and doubling in the United Kingdom and Germany in 2018.
In addition to the written comments, the comment period has afforded us more frequent interaction with industry groups, such as the Institute of International Bankers, which has been very helpful and informative. For our part, the agencies hope to issue a set of proposed supervisory guidance relating to Basel II soon that should be helpful as banks move forward with implementation.