Basel II delay will cost more to US banks
NEW YORK – The delayed implementation of Basel II in the US will make it more costly for American core banks to adopt the international capital standards, according to Adam Gilbert, managing director, global credit risk management group at JP Morgan Chase.
Gilbert says the delay poses potential complications in home-host issues as US banks operating in other countries and foreign banks operating in the US have to implement the Basel II Accord over different timelines.
"Not only does this decision make Basel implementation more expensive for banks to run, it also means that we will keep Basel I an additional two years while the other countries will
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