Bank regulators to discuss how Basel II applies outside G-10

Some 300 senior banking supervisors are attending The International Conference of Banking Supervisors in Cape Town on September 18 and 19, regulators said.

They will discuss the risk-based Basel II accord that global banking regulators want to bring into force for large international banks in late 2006 with the aim of making of the world’s banking system safer. The accord will determine how much of their assets major banks must set aside as a cushion to absorb unexpected losses from banking

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