Basel harmony still a long way off, notes IIF

“No-one really appreciated the complexity of the whole [Basel Accord] process,” says Charles Dallara, managing director at the Institute of International Finance (IIF). “It is only in the last nine months that regulators and bankers have woken up to the potential significance of the specific issues.”

Dallara chaired a meeting of the IIF in Madrid last month, which was attended by a mix of regulators and bankers including Jaime Caruana, chairman of the Basel Committee on Banking Supervision, gathering to assess the new framework for the Basel Accord, released by the Committee at the end of last month. While there have been some successes, the meeting focused on a number of key unresolved issues (see box) and concerns over implementation, which continue to dog the process, more than a year

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here