Resources for Basel II Capital Accord (Basel II)
Cayman Islands Monetary Authority phases in Basel II
www.caycompass.com The Cayman Islands Monetary Authority will undertake a staged implementation of the Basel II Framework for banks licensed in the Cayman Islands.
It is also understood that the Authority plans to issue a high level road map setting out the proposed timetable and implementation options within the coming months.
The Basel II Framework, developed by the Basel Committee on Banking Supervision, is a new global supervisory framework for assessing the capital adequacy of international banks. Most G–10 countries and many other banking supervisors, including those of major international financial services centres, plan to implement the framework over the next few years.
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