Non-G10 countries to implement Basel II over 2007-09
South Africa has set January 1, 2008 as the implementation date for the new Basel Accord, also known as Basel II, according to Carel Oosthuizen, the head of Basel II implementation at the South African Reserve Bank.
Oosthuizen said the Central Bank took the decision on August 11, and has since informed the banks registered in South Africa. “We will start parallel-running of both the Basel I and Basel II frameworks on January 1
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