You are working as the Chief Risk Officer (CRO) for a major universal bank operating in the Caribbean. The CEO has asked you to analyse the implications of transitioning from Basel II, which the bank currently reports under, to Basel IV. Your task is to provide a comprehensive analysis covering several key aspects: Comparison of Basel IV and Basel II Adoption Challenges Consideration for Adoption Benefits for Risk Management Strategies Your analysis should provide the CEO with valuable insights into the implications of transitioning to Basel IV, enabling informed decision-making regarding the bank's regulatory reporting framework