Resources for Basel II Capital Accord (Basel II)

Banks’ risk management guideline to facilitate Basel II Capital Accord

businessdayonline.com

The recently released guidelines for developing risk management framework for banks will facilitate the adoption of the New Basel Capital Accord in due course, says Central Bank of Nigeria (CBN). The New Basel (Basel II) framework describes a more comprehensive measure and minimum standard for capital adequacy that national supervisory authorities are now working to implement through domestic rule-making and adoption procedures.

Basel II also seeks to improve on the existing rules by aligning regulatory capital requirements more closely to the underlying risks that banks face.

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