Unresolved Basle II issues include total capital and economic impact, says UK central banker


OXFORD, ENGLAND -- The question of what should be the appropriate overall level of protective capital in the world’s banking system remains one of the unresolved issues of the Basle II banking accord, said deputy Bank of England governor David Clementi. He was speaking at the launch of the Oxford Centre for Computational Finance at the University of Oxford in October.

A second unresolved issue, he said, is how to ensure that the risk-sensitive Basle II bank capital adequacy rules do not cause

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