Monday, January 28, 2008

Basel compliance is a challenging task at multiple levels in the bank

Seven issues that will keep banks busy on the Basel front
Basel II may sound like the name of a movie sequel. In banking circles, however, the phrase evokes a big shift that is fast approaching.

For starters, ‘Basel II Framework’ refers to a document titled ‘International Convergence of Capital Measurement and Capital Standards: A Revised Framework,’ released by the Basel Committee on Banking Supervision (BCBS) on June 26, 2004, and supplemented in November 2005 by an update of the ‘Market Risk Amendment.’

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