Academic voices dissatisfaction with Basel II

LONDON -- The Basel Committee on Banking Supervision still has a great deal of work to do before the Basel II capital accord can be successfully implemented at financial institutions, Jacques Pézier, director of the risk management group of the ISMA Centre at the University of Reading in the UK, told delegates at a conference on capital allocation in December held by Risk Waters Group in London.

Basel II will determine from late 2006 how much of their assets major banks must set aside to absorb

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