Basle II could destabilise financial markets, says IMF official
BASLE, SWITZERLAND -- The proposed Basle II bank capital adequacy accord could promote risky lending and destabilise financial markets, a senior International Monetary Fund (IMF) official said in May.
Paul Kupiec, deputy division chief in the IMF’s banking supervision unit, said Basle II, which global banking regulators hope to bring into force for major banks in late 2006, could produce a two-tier system concentrating risks among small banks and forcing big ones to merge to seek economies of
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