Basel Committee expects to meet tight QIS 3 schedule

BASEL II UPDATE

BASEL, SWITZERLAND – Global banking regulators believe they will be able to keep to their tight schedule for examining the results of the key QIS 3 survey of banks and publishing the third consultative paper on the Basel II accord on bank safety in May.

Some 265 banks from nearly 50 countries are expected to reply by the December 20 deadline to QIS 3, the third Basel II third quantitative impact study. QIS 3 seeks information on how banks will be affected by the complex Basel II capital adequ

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