HKMA takes the lead

It’s a little over two months since the Basel Committee on Banking Supervision released its final version of the Basel II framework. There were few shocks in the definitive document, unsurprising given the flurry of consultation papers and press releases over the past year. But now that the framework has finally been set, national supervisors must get to work drawing up domestic guidelines on implementation and decide how to treat the various items of national discretion outlined in Basel II.


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