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Banks warm up to Basel II

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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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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