The New Basle Capital Accord: The Proposals In Brief
International banks will for the first time be required by regulators to set aside capital against operational risk when the new Basle capital accord (Basle II) comes into force in 2004.
The new accord from the Basle Committee, which comprises banking supervisors from the Group of 10 (G-10) leading economies, will replace the 1988 Basle capital accord (Basle I).
The proposals rest on the same three
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