QIS3 results delayed until May

Jackson, who has been a driving force in the QIS3 results analysis, was speaking at a British Bankers' Association conference in London. The results of QIS3 are pivotal to the final shape of the new Basel II capital Accord.

She said the QIS3 results had demonstrated that "the data has been of very good quality", and the results were consistent overall with the objectives of the Basel Committee.

But certain modifications to the CP3 would be made in light of the results, including changes to the operational risk charge that would lessen the likelihood that large banks would be hit with a substantial increase in regulatory capital requirements overall. She also said the internal ratings-based approach for credit risk would be "fine tuned". But Jackson declined to provide further details.

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