Single capital accord for all banks impossible, says Basel chief


CAPE TOWN, SOUTH AFRICA -- Differences between banking systems make it impossible to conceive of a single bank protective capital accord that would work for all banks in all countries, the world's top international banking regulator said in mid-September.

"Rather, supervisors may need to consider different approaches," said William McDonough, chairman of the Basel Committee on Banking Supervision, the architect of the planned, and complex, Basel II capital accord aimed at making the world's

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