Resources for Basel II Capital Accord (Basel II)

Basel II for Diamonds Package Released

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In the wake of Basel II, banks are being forced to ensure that the companies they finance have a good risk profile. This means that companies, even those in the diamond industry, have to manage their risks effectively to keep themselves in good standing with their financial institution.

“Basel II is forcing not only banks, but also companies, to understand and identify all of their risks and manage them more effectively. This will mean ensuring sufficient equity to cushion them against adverse conditions,” says professor Bart Baesens of the Faculty of Economics and Applied Economics at the Catholic University of Leuven, Belgium, who is also a lecturer on Basel II.

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