French supervisors to intensify op risk inspections for the EU Cad

PARIS -- At the end of the summer, the Commission Bancaire (CB) -- the French banking supervisor -- will step up its on-site missions at the country’s banks to assess their preparations for the new international and EU capital regulations. Basel II and the EU’s Cad are to take effect in late 2006 or early 2007.

Officials at CB have so far screened four unnamed, major internationally active French banks that want to qualify from the outset of the new regimens with their most sophisticated capital

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