Banks bemoan Basel



The prestigious pillars of Basel II have now sparked inspiration among Taiwan's banking authorities for more than two years, driving them to work tenaciously to revise banking standards for measuring capital adequacy and bring the island's risk-management practices up to levels set out by the Bank for International Settlements (BIS). Yet up close, with the deadline for implementation set for January 2007, what once seemed grand now looks increasingly intimidating.

The implementation of Basel

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