Basel II may not suit emerging economies, says US central banker
Washington - Rules embodied in the Basel II banking accord may be inappropriate for banks in emerging-market economies because a country may have unique circumstances, a senior US central banker said in December.
The complex, risk-based Basel II capital adequacy rules will apply from 2005, in the first instance to large international banks of the Group of 10 (G-10) leading economies.
But the Basel Committee on
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