Basel II to be implemented from January  
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Basel II to be implemented from January

archive.gulfnews.com

The implementation of the Basel II accord will take effect from January 2008, according to a top official. The modified international framework for handling and processing banks' data, for the purpose of more efficiency in risk management, known as Basel II, sets new standards and benchmarks for commercial banks to follow in relation to the information database and risk management, providing for more transparency and risk control.

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