BIS head defends complexity of Basel II

BASEL, SWITZERLAND -- Arguing that simple solutions can be found for the supervision of a sophisticated, complex and innovative industry such as banking would be naïve, a senior international central banker said in early July.

The most advanced approaches under the Basel II bank capital adequacy accord are likely to be complex, Bank for International Settlements’ (BIS) general manager Andrew Crockett told the BIS annual meeting in Basel, Switzerland.

But if banks are to have the right incentives

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