Emerging nations consider Basel II
Latin America will be the non-OECD continent with the highest percentage of banking assets under the various Basel II op risk approaches according to a new study completed by the Financial Stability Institute.
In fact, the Hong Kong Monetary Authority announced in sister publication AsiaRisk in July that it would not be permitting banks to use the advanced measurement approach at all. "It’s the only thing in Basel II we’re not going to allow initially because we don’t believe that
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