RiskNews review

REGULATION
It is impossible to conceive of an approach to Basel II that would work for all banks in all countries, according to William McDonough, chairman of the Basel Committee on Banking Supervision. “Rather, supervisors may need to consider different approaches,” he says. As a result, the Basel Committee is launching a joint initiative with supervisors from many other countries to develop practical guidance on the future regulation of smaller banks.

The biggest concern about Basel I