HKMA takes the lead
The Hong Kong Monetary Authority has put together its national implementation guidelines for Basel II, making it one of the first regulators globally to detail its qualifying criteria for those banks aiming for the internal ratings-based approaches in its jurisdiction.
It’s a little over two months since the Basel Committee on Banking Supervision released its final version of the Basel II framework. There were few shocks in the definitive document, unsurprising given the flurry of consultation papers and press releases over the past year. But now that the framework has finally been set, national supervisors must get to work drawing up domestic guidelines on implementation and decide how to treat the various items of national discretion outlined in Basel II.
On
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