Basel exec blasts home-host banks
NEW YORK – A Basel Committee executive blasted banks for not fully committing to their home-host projects and for using potential home-host difficulties as an excuse for not implementing Basel II as aggressively as they should.
Nicholas Le Pan, who is superintendent at Canada's Office of the Superintendent of Financial Institutions as well as chairman of the Basel Accord Implementation Group and vice chairman of the Basel Committee on Banking Supervision, addressed a risk management conference in New York at the end of February.
When it comes to progress on home-host, "the glass is half full, but it is also half empty in that regard as we sit here today", said Le Pan. "However, I take heart from the fact that there are
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