Banks warm up to Basel II

Friday, September 18, 2015

Local commercial banks have started warming up to Basel II, a set of banking regulations that have been put forth by the Basel committee on bank supervision, which regulates finance and banking internationally.

Basel II attempts to integrate Basel capital standards with national regulations, by setting the minimum capital requirements of financial institutions with the goal of ensuring institutional liquidity.

In preparation for the implementation of the new regime in January next year, banks have been on a parallel run with Basel 1.

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