Setting a timetable

Regulators in Australia and Japan have set deadlines for the rollout of Basel II in their respective markets, six months after the Switzerland-based Basel Committee on Banking Supervision published the final version of the new framework.

In Australia, banks have until year-end 2007 to meet the Basel II requirements, while those Japanese financial institutions aiming for the standardised and foundation internal ratings-based (IRB) approaches will have to comply with the new rules from the 2008

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