Complex issues must be resolved before Basel II can be implemented, says US regulator

Although the US remains committed to completing work on Basel II by mid-2004, many complex issues must be resolved before the new capital Accord can be implemented, according to John Hawke, the US Comptroller of the Currency.

In a speech to the American Academy on December 15, Hawke said there was a staggering amount of work confronting the regulators and banks before Basel II could be implemented.

“I am absolutely confident, based on past experience, that as we move into the implementation phase, we will uncover a myriad of issues not previously thought of or addressed. It is far more important to get the new Accord right than to get it done on some predetermined schedule,” he said.

He also noted that there was

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here