Because it has taken a risk-based approach to supervision for over 10 years,the South African Reserve Bank (SARB) has been an enthusiastic proponent of BaselII from the start. It has worked with the committee of non-G10 countries thathas contributed an emerging markets perspective to the development of new capitalAccord, and participated in the Core Principles Liaison Group of the Bank forInternational Settlements’ Basel Committee on Banking Supervision. It wasalso involved in the recent third q
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