BIS head defends Basel II complexity
BASEL, SWITZERLAND -- The most advanced approaches under the Basel II bank capital adequacy accord are likely to be complex if banks are to have the right incentives to measure and manage their risks, a senior international central banker said in early July.
To argue that simple solutions can be found for the supervision of a sophisticated, complex and innovative industry such as banking would be naive, Bank for International Settlements (BIS) general manager Andrew Crockett told the BIS
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