Basle II to be re-calibrated for Asian banks


HONG KONG -- Simon Topping, executive direc tor for banking policy at the Hong Kong Monetary Authority (HKMA), said in July that the proposed Basle II capital accord will be re-calibrated during the current consultation period to make risk weightings for Asia's banks more capital-neutral. "[The Basle Committee] has confirmed it is not trying to make banks in Asia hold more capital. This is actually an unwelcome side effect of how we've got it calibrated at the moment," said Topping. "This is a

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