Credit cards

• Risk management

Basel Accord finalisation delayed by six months

The Basel Committee on Banking Supervision announced today that the finalisation of Basel II will be postponed from year-end 2003 to mid-year 2004.

• 13 Oct 2003

• Structured products

Credit card capital charges will be lower under Basel II

Major banks will probably have to set aside a lot less capital as a cushion against losses from defaulting credit-card holders under the Basel II bank accord than they in effect do now, global banking supervisors said in early July.

• 01 Jul 2002