The Basel Committee on Banking Supervision, the architect of Basel II and the body that in effect regulates international banking, was expected to give details of progress with the complex, risk-based accord. The pact will determine how much capital major banks must set aside as a cushion against the risks of banking including, for the first time, operational risk.
The statement, which was to be made at the end of the Basel Committee’s quarterly meeting in Basel, Switzerland, would reflect th
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