FSA disappointed by latest delay to Basle II accord

But the FSA nevertheless remained "extremely committed" to the accord, FSA managing director for regulatory processes Carol Sergeant said. She was replying to questions at an FSA-organised London conference on managing regulatory risk.

The latest delay to Basle II sparked speculation among some banking industry analysts that national regulators such as the FSA might, in exasperation, move ahead independently with their own risk-based banking rules if the Basle accord fails to get off the ground

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