UK details three-phase Basel II implementation plan
UK regulators said today they plan a three-phase implementation of the Basel II capital Accord and parallel European Union banking rules with a target date of December 31, 2006.
The FSA said it is starting work now with the banking industry and trade bodies on the advanced approaches to credit and operational risk with the aim of issuing a consultation paper next spring. FSA discussion papers are intended to open debate on a topic; its consultation papers set out its detailed proposals.
The
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