Resources for Basel II Capital Accord (Basel II)

Bernanke says optimistic on Basel II consensus

Reuters

Federal Reserve Chairman Ben Bernanke said on Thursday he remains optimistic top banking regulators will reach a consensus on an international capital adequacy plan under the Basel II framework.

"I think the Basel II approach, with perhaps with some modifications, but in essence what was agreed upon with the international banking authorities, is the right approach for providing that kind of capital base protection," Bernanke told the Senate Banking Committee.

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