Hong Kong to adopt loose approach to Basel II

In the speech, which was posted on the Bank for International Settlements website today, Topping says that banks will be able to choose which approach they take under Basel II – either the basic, the standard or the advanced approaches to operational or credit risk. However, “while we won’t mandate particular approaches, we will expect to see levels of risk management that are commensurate with the types and levels of risk being run”, he said. This approach contrasts with the US, where

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