Setting a target for Basel II

Regulators in Singapore and Korea are the latest to issue guidelines for Basel II implementation that set deadlines for the rollout of the new framework in their respective markets. In Korea, banks have until the end of 2007 to meet the Basel II requirements, with the Financial Supervisory Service (FSS) and Financial Services Commission (FSC) opting for a single implementation date for the standardised and internal ratings-based (IRB) approaches. In Singapore, however, financial institutions