QIS3 survey delay puts back Basle II accord to 2006

- David Keefe
- 01 Apr 2002

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This is likely to mean in practice that the accord would come into force at the start of the new financial year on January 1, 2007, some bankers said.

The Basle Committee on Banking Supervision, the architect of Basle II and the body that in effect regulates international banking, hopes to issue its third Basle II quantitative impact study - or QIS3 - on October 1 this year, some five months later than originally planned.

QIS3 is intended to help assess the impact of the risk-based Basle II

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