LONDON - The biggest concern arising from the complex Basel II bank capital accord is about how it will operate for banks across national borders, Tanya Castell, London-based head of investment bank UBS Warburg’s risk policy group, said today.There needs to be consistency in the way the risk-based accord applies so that all banks will be on a level playing field, Castell told a conference updating members of the International Swaps and Derivatives Association (Isda) on the organisation’s work. Castell chairs the Basel accord implementation group of Isda, the trade body for the financial risk management industry.
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