Basle II will be modified, says Canadian bank regulator

BASLE II UPDATE

BANFF, ALBERTA -- A survey of financial institutions’ views on the Basle II capital accord is expected to result in global banking regulators modifying some of the accord’s controversial aspects, according to a Canadian bank regulator involved in the survey.

Specifically, banks are reporting difficulty understanding how to implement the internal ratings-based approaches to calculating how much capital they will have to set aside to guard against banking risks, said Ian Gibb, regulator at the

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