A step up the ladder

Following Barclays' acquisition of Absa in July, the South African bank has decided to implement the advanced internal ratings-based approach to Basel II. Other banks have decided to follow suit. By Laurence Neville

The deadline for Basel II is fast approaching. Under the timetable set by the Switzerland-based Basel Committee on Banking Supervision, banks employing the standardised and foundation internal ratings-based (IRB) approaches will kick off under the new regime from January 2007. Those institutions implementing the more complex advanced IRB approach have an extra year, with the start date delayed to January 2008.

In South Africa, however, the supervisors have opted for a single implementation date

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