Le Pan advises on AMA frameworks

REGULATORY UPDATE

He also criticised banks that weren’t effectively communicating about Basel II within their organisation. "In many cases, local management of certain subsidiaries had virtually no knowledge of the Basel II implementation approach to be adopted by the parent bank," said Le Pan. "[If banks] want to implement Basel II efficiently and effectively, they must invest time in keeping local management and host supervisors adequately informed." He also slammed banks that came to regulators "with three

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