IIF calls for Basel and IASB co-operation; warns on Basel II deadline

Speaking at a press conference in London today, Daniel Bouton, chairman and chief executive of Société Générale, and chairman of the IIF's steering committee on regulator capital, said: "Basel and the IASB do not speak the same language about what capital is.”

In particular, the IASB is proposing that banks should implement a system of dynamically provisioning against credit risk, while the Basel Committee's proposed Accord on regulatory capital – Basel II – suggests banks should model expected

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