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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Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

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