Delayed Basel II securitisation paper expected shortly

BASEL – Global banking regulators hope to issue very shortly the delayed discussion paper on asset securitisation in the context of the complex Basel II capital accord that’s aimed at making the world’s banking system safer.

The paper, which deals with the last major outstanding issue in the risk-based Basel II pact, could even be issued tomorrow or Monday, regulatory sources said.

The Basel Committee on Banking Supervision, the architect of Basel II and the body that in effect regulates international banking, will give details in the paper of its proposals for treating the credit risks for banks of asset securitisation. Asset securitisation occurs when a bank puts its loans and other credits into a pool and

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