Basel Accord finalisation delayed by six months

Such a delay was widely anticipated in light of the tone and volume of comments that the committee received to its third consultative paper (CP3), published in April. The comments were posted on the Bank for International Settlements’ website in July.

The committee noted that it will take the various national legislative and regulatory rule-making processes into account when making any additional changes. In addition, the committee was vague about whether or not the six-month delay would

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