East European banks could pay Basel II dividend

"We need slightly more capital than is necessary according to [the Basel II guidelines], but we are above the conservative 10--12% level [appropriate for the region]," said Pavel Kavanek, head of the Czech banking association, as reported by the news agency Reuters.

The risk-based Basel II accord, like its simpler Basel I predecessor, will require banks to keep at least 8% of their assets in the form of protective capital to guard against the risks of banking. Basel II is scheduled to come in

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