UK speeds towards Basel II implementation
LONDON – Momentum is gathering at the UK’s Financial Services Authority (FSA) for the implementation of Basel II in the island nation.
First, the FSA released a ‘Dear CEO’ letter to the industry, Key messages on our implementation of the Capital Requirements Directive. The letter briefly outlined the latest version of the implementation timetable – and noted that the regulator plans to publish a complete feedback statement in September to January’s CP05/3:Strengethening Capital Standards. The letter also indicated that a newsletter updating the industry on Basel II would be published "from time to time" on the website.
In late
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