Hong Kong banks lagging in preparation for Basel II

- Nick Sawyer
- 20 Dec 2002

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Only half of Hong Kong’s banks have started Basel-related projects for both credit and operational risk, compared with 71% of European institutions and 69% of institutions worldwide, the survey said. Moreover, a quarter of Hong Kong respondents are still in the process of establishing teams to address the new credit risk requirements outlined in Basel II. This compares with just 14% of European institutions.

None of the Special Administrative Region banks surveyed have moved beyond the

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