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The final countdown

The Basel Committee's most recent quantitative impact study shows a wider variation in capital among participating banks than many had been expecting. But Gerhard Hofmann, Germany's representative on the Basel Committee, reckons Germany's banks are well on track for implementation. By Alexander Campbell

With parallel running of the foundation and advanced internal ratings-based (IRB) approaches to Basel II set to start from next year, Gerhard Hofmann, Germany's representative on the Switzerland-based Basel Committee on Banking Supervision, has an extremely hectic 18 months ahead of him. But the results of the latest Basel II quantitative impact study, QIS 4, have given him grounds for confidence

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