FSA disappointed by latest delay to Basle II accord


LONDON -- It was no secret that the UK’s principal financial watchdog, the Financial Services Authority (FSA), was "a little disappointed" at the latest delays to the Basle II accord, a senior FSA official said in March.

But the FSA nevertheless remained "extremely committed" to the accord, FSA managing director for regulatory processes Carol Sergeant said. She was replying to questions at an FSA-organised London conference on managing regulatory risk.

The latest delay to Basle II sparked

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