Basel II Accord set for delays


BASEL -- Basel II’s timetable may be delayed to enable the Basel Committee on Banking Supervision to grapple with a number of controversies created by the financial industry during the comment process for the third consultative paper (CP3). The Committee’s decision on the potential delay is to be made at its October 8-10 meeting.

Speculation about the delay was rife when European Central Bank president Wim Duisenberg confirmed that it was a possibility in early September, in a report by Reuters

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