Basel II target institutions

Essay specific features

 

Issue:

Business

 

Written by:

Arthur K

 

Date added:

October 30, 2012

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 358

 

Was viewed:

2222 times

 

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Essay content:

However, developing countries are not at all represented in the Basel Committee for Bank Supervision (BCBS). The new framework has been designed primarily for adoption by the G-10, and the Basel committee originally expected this group of countries to be ready to implement the framework by the beginning of 2007...
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Current G-10 members are Belgium, Netherlands, Canada, Sweden, France, Switzerland, Germany, UK, Italy, US and Japan. At the same time, the Basel committee recognizes that many non g-10 countries worldwide may wish to adapt the new framework to their own national realities and circumstances, and to have their own timetable for adopting the new rules...
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