McDonough speaks on QIS3 results, and US regulatory changes

The study was distributed by the Basel committee in October and responses were due in to national supervisors just before the holiday break at the end of 2002. Basel committee members are digesting the results at the moment.

In the speech, which was given to the US-based Bond Market Association’s 2003 Legal and Compliance Concerence, he also indicated that “the industry demonstrated support for this survey, and 265 banks from nearly 50 countries performed concrete and comprehensive

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