Basel II set to increase bank demand for single-A debt
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The effect will be seen before 2004, the date the new accord comes into force, say analysts at Banc of America Securities, the European investment banking arm of Bank of America.The cause of this increase in demand will be the changes to risk weightings under the capital adequacy accord, known as Basel II, which is proposed by the Basel Committee of banking supervisors from the Group of 10 leading countries, the body that in effect regulates international banking.Analyst Peter Plaut says the
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