Resources for Basel II Capital Accord (Basel II)

BASEL II and Dave's Brilliant 'Financial Striptease'

www.diamondintelligence.com

Few diamantaires have thoroughly analyzed the potential impact of the Basel II bank capital adequacy requirements on their businesses. It’s no wonder. Since the advanced economic and mathematical models that need to be developed by the banks are so complex and costly, the U.S. government has decided to have Basel II initially apply only to the 10 largest U.S. banks. In Europe and the rest of the world, banks aren’t that lucky.

Actually, the revolution that we will all be facing in the rules governing our relationships with the banks can appropriately be compared to the changes brought by the De Beers Supplier of Choice (SoC) model. Before SoC, DTC officials would get to know you, they’d come to bar mitzvahs and weddings, they’d know your business, and if you looked like a decent bloke and enjoyed strong broker support, you’d get a sight. It was strictly based on relationships; it was personal – and the memberships to the exclusive club were virtually guaranteed, provided you adhered to the norms.

View the Resource

Share or bookmarklet this web page at: