Hong Kong banks set to struggle with Basle II
BASLE II UPDATE
HONG KONG -- Many of Hong Kong’s banks could struggle to implement the Basle II capital adequacy accord because of their lack of sophisticated risk management systems, professional services firm Deloitte Touche Tohmatsu said in October.
Deloitte’s annual report on Hong Kong financial institutions showed Hong Kong banks’ risk management systems are often insufficient for the demands that will be made by the risk-sensitive Basle II accord. The accord is proposed by the Basle Committee on Banking
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