It has been more than six years in the making, but the final text of the Basel II framework has arrived. The Basel Committee on Banking Supervision published the text at the end of June to a mix response from the financial services industry.Although the "final" document incorporates many changes and compromises, it is hardly set in stone. Indeed, regulators say that more changes are to come in specific credit and operational risk areas.
Topics: Deloitte, Jaime Caruana, Basel III, Advanced Internal Ratings-Based Approach (A-IRB), Advanced measurement approach (AMA), Basel Committee on Banking Supervision (BCBS), Basel II, Basic indicator approach (BIA), Double default risk, Exposure at default, Institute of International Finance (IIF), International Swaps and Derivatives Association (Isda), Loss given default (LGD), Probability of default (PD), Securitisation, The Standardised Approach (TSA)
More on Basel Committee
Senior risk manager says economy too fragile to remove filter
Current plans unsatisfactory, says industry association
But concerns remain about effects on resolution and capital requirements
ECB's Coeuré says regulators won't specify one approach
Sign up for Risk.net email alerts
Sponsored webinar: IBM
Watch highlights of this year's London conference
Operational risk and the challenges of defining and dealing with conduct risk
Watch discussions and speakers from our North America conference
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.