Another Basel chapter closes

After three years in office, Jaime Caruana is to step down as chairman of the Basel Committee on Banking Supervision. Since May 2003, he has divided his time between Basel in Switzerland, where he oversaw the completion of the Basel II capital adequacy framework, and Madrid, where he has been governor of the Bank of Spain since 2000.

His term as governor, and hence his tenure as chairman of the Basel committee, ends on his retirement on July 1 - just six months before the scheduled implementation of Basel II.

While he won't be in office to see the Accord in place - the culmination of more than seven years of consultations, working papers and re-drafts - Caruana has been at the helm during a crucial phase of the framework's formation, which has seen the minutiae of the rules thrashed out. Over the past few years, the Basel

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