|
|
Article: Basel II can't be all things to all banks if it is to be achievable. (Comment).(Base Committee on Banking Supervision)(Brief Article)
- Article from:
- The Banker
- Article date:
- August 1, 2002
CopyrightCOPYRIGHT 2002 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Basel I was deemed simplistic - now Basel II is becoming a complex nightmare. The Committee on Banking and Supervision must strike a fine balance to produce a fair accord in a sensible in a timeframe
In off-the-record conversations with bankers, some declare their fears that Basel II may never happen. After Basel I was criticised for being too simplistic and crude, the Basel Committee on Banking and Supervision embarked on a project that many now feel is hopelessly ambitious.
The aim is to make scientific something that is probably best described as an art: the measurement of risk. The danger is that no conclusion is ever reached or - more likely - the ...