Pre-crunch poll supports Basel II stability claim

The introduction of the Basel II regulatory framework, which has faced a barrage of criticism in the wake of the credit crunch, will make the financial system sounder and encourage better risk management, according to a poll conducted the Professional Risk Managers International Association, a trade body.

The poll, the results of which were released on Friday, was conducted over the summer before the subprime crisis struck. Following the credit crunch, financial commentators have panned the f