• KPMG IFRG Limited

In terms of readiness for 2018, management need to ensure that implementation projects are appropriately designed and on schedule. And audit committees need to oversee management's efforts, by actively monitoring progress and requesting regular updates. In its report, the EBA stressed that banks should not underestimate the work required and the need to involve audit committees and boards of directors. Banking supervisors will continue to show a keen interest in bank readiness
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