Basel II: Time to prepare

A growing number of Japanese banks are strengthening their efforts to prepare for the new Basel Accord on capital adequacy. Task forces have been set up, tentative road maps laid down and challenges identified. But there’s still some way to go if Japan’s banks are to comply with the more advanced requirements, and with the new Accord set for implementation in 2006, the coming 12 months are likely to prove critical.

Theoretically, banks have just over three years to comply with Basel II. But w

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