UK regulator reveals pillar 2 thinking and will issue Basle II programme in June
BASLE II UPDATE
LONDON -- UK banks and investment firms were given an early idea in May of how the UK’s principal financial market watchdog is planning to implement the capital adequacy aspects of the second of the Basle II banking accord’s three pillars -- namely, supervisory review of a bank’s controls and risk management practices.
The UK Financial Services Authority (FSA) also said it expects to say by the end of June what its overall approach will be to the implementation in the UK of the proposed Basle II
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