Brazil poised for real change on Basel II


Brazil’s regulator and large banks view the introduction of Basel II as a moment to highlight the huge advances in the finance sector and generally welcome its adoption in 2013, just months after the 2012 deadline. The smaller fry fear losing further competitive edge and want more time to get ready. Operational risk management is a particular bone of contention, as some banks see the guidelines from Banco Central do Brasil, the Central Bank, as imprecise, and are dragging their heels ahead of

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