Moody's forms Basel II advisory group

The group is designed to bring together a wide coalition of industry representatives, including G-7 financial institutions and consultancies that attended an initial meeting on the matter, held in London on September 10.

Andrew Kimball, MRMS general manager, said: “What we have done with this initiative is to bring some of those clients together into a unique steering group, so that we can direct our efforts to adapting solutions for some of their Basel implementation problems."

BIS II will provide a set of best-practice guidelines, currently subject to interpretation by various regulatory agencies. The advisory group aims to not only provide a forum for idea-sharing, but also to offer a consistent and flexible framework of tools that address the broad guidelines. These can then be configured by clients to meet their specific needs, while still meeting the changes in regulatory requirements.

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• Topics
• Regulation
• Foreign exchange
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