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- Title
Basel II Update.
- Authors
Smith III, Dwight C.
- Abstract
The article looks at the progress of the Basel II risk-based capital rule over the past 15 months to December 2007. The similarities of the final rule with the U.S. Government Accountability Office (GAO) recommendations include the 10-percent cap on the aggregate reduction in risk-based capital, and the definition of default for wholesale credit exposures. Meanwhile, some departures in from the New Accord in the final rule also exist, such as the inclusion of a principle of conservatism governing banks.
- Subjects
UNITED States; BASEL II (2004); CAPITAL market laws; RISK; DEFAULT (Finance); CREDIT; UNITED States. Government Accountability Office
- Publication
Bank Accounting & Finance (08943958), 2007, Vol 21, Issue 1, p11
- ISSN
0894-3958
- Publication type
Article