Timetable chaos
Basel II
The decision by US regulators last September to delay the implementation of Basel II by a year has caused plenty of uncertainty among banks and overseas regulators.
As the deadline loomed, US senators representing states whose banks have predominantly local operations – that is, most of them – hit the panic button. With the results of the fourth quantitative impact study showing that large banks applying the advanced internal ratings-based (IRB) approach would benefit from significant
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