Regulators acknowledge change needed


BASLE, SWITZERLAND – Global banking regulators have conceded that certain areas of their Basle II bank accord proposals needed further adjustment in order to meet key objectives of the accord.

Regulators on the Basle Committee on Banking Supervision, who are drawn largely from the Group of 10 leading economies, said in particular they anticipated the need for reductions in the basic calibration of foundation internal ratings based approaches for credit risk, both for corporate and

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