Emerging slowly to Basel

New Angles

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Financial institutions in emerging markets are overly optimistic that they will implement Basel II on time, according to a survey conducted by the World Bank. The results were announced at the World Bank advanced risk management workshop in Washington, DC late in May.

Overall, 75% of the participants stated they were fully or partially prepared for Basel II and expect to start implementation by 2008. However, the survey revealed that the actions taken by banks and regulators do not merit their

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