Asian banks lagging in Basel II preparations, says Asian Banker Research

According to research conducted by Mark Lee, a senior analyst with Asian Banker Research, Basel II compliance by the deadline of year-end 2006 is uncertain in Asia. The research is based on interviews with the 40 largest banks across the region.

Lee said many banks in leading Asian countries are only beginning their implementation phases. He said a number of Taiwanese, Malaysian and Thai banks have not yet initiated their plans to become Basel II compliant.

“While banks in Australia and

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