South African banks have long striven to stay in step with global best practice,and compliance with Basel II, especially its advanced approaches to market, creditand operational risk, will provide visible proof of local capabilities. The bankshave made a good start, with eight participating in the third quantitative impactstudy (QIS3), including three reporting to the advanced internal ratings-basedapproach for credit risk. In operational risk, the banks have also been makinggood progress, w
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