Basel II – it’s not all devil in the detail

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The final draft of the Basel Committee on Banking Supervision’s new Accord on bank capital is due before the end of the year. But even after four years of debate over Basel II, there’s still a gulf between those who believe it will usher in a golden age of risk management and the critics who say that some of the demands it makes on banks are just plain daft. Both camps were ably represented at Risk magazine’s Basel Forum, sponsored by SunGard Trading and Risk Systems and IBM Business Consulting

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