Banks in 50 countries will complete Basel II QIS 3 survey

“The inclusion of banks from so many countries will ensure that the new accord’s principles can be applied well to institutions in many countries,” said William McDonough, chairman of the Basel Committee on Banking Supervision, the architect of the risk-based Basel II and the body that in effect regulates international banking.

QIS 3 will be sent out to the banks on October 1 and replies have to be with national banking regulators or the Basel Committee by December 20. On October 1 banks will be

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