UK watchdog won’t pressure banks on advanced Basle II approaches

BASLE II UPDATE

LONDON -- The UK’s principal financial market watchdog won’t pressure banks to adopt the advanced approaches to measuring risk under the Basle II banking accord, Financial Services Authority (FSA) managing director Michael Foot said in late May.

"There will be no macho pressure from us as supervisor to persuade banks to attempt what they judge is not in their commercial interest," he told a London conference on operational risk organised by City & Financial Conferences.

Foot said the FSA had

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here