Pillar I too complex for small countries
The complexity of Pillar I of the New Basel Accord is forcing smaller, resource-constrained countries, to delay the implementation of the aspect of the Accord that involves the determination and measurement of minimum capital requirements.
While their developed counterparts in Europe and North America have already started rolling out implementation plans for the new Basel Accord, smaller countries, such as Zambia in Africa, are only beginning to plan their Accord implementation.
This is in sharp contrast with the G-10 countries, which are starting with the first pillar for regulatory capital calculations, in order to take advantage of the promise for lower regulatory capital reserves.
The Bank of Zambia has started setting up
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