Cross-border confusion
Europe's internationally active banks have until the end of this year to be fully compliant with the new Basel capital Accord, but a lack of clarity on cross-border implementation continues to cause major problems
Barbara Frohn didn't mince her words in April when she had to give a speech on Basel II to representatives of the Brussels-based Commission of European Banking Supervisors (CEBS). The senior vice-president of credit ratings and portfolio management at ABN Amro in Amsterdam is taking a lead role in her bank's implementation of the new rules, but says a lack of clarity on how host regulators (the national regulators in other European countries in which the bank has a subsidiary) wish to assess the
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