Singapore and Korea issue Basel II deadlines

Regulatory Update

In Singapore, however, financial institutions will be expected to implement Basel II in line with the timetable suggested by the Switzerland-based Basel Committee on Banking Supervision, meaning those institutions aiming for the basic and standardised approaches will have to comply with the new framework from the end of 2006. Those banks with approval from the Monetary Authority of Singapore (MAS) to implement the advanced approaches to credit and operational risk will have an extra year to

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