UK Treasury publishes paper on implementing EU CAD in the UK

Although the Financial Services Authority (FSA) and the Bank of England have, to date, led the discussions with the Basel Committee on Banking Supervision on the Basel II framework, the UK Treasury will lead the negotiations over the CAD with the European Commission and parliament, as well as in the EU Council working group negotiation process.

The document is broadly positive about the Basel II framework, and in keeping with the proposals that have been published by the FSA over the past 18