Resources for Basel II Capital Accord (Basel II)

Basel II makes banks less risky

www.thetimes.co.za

Without fanfare, January 1 ushered in a new world for bankers — the world of the “Revised Framework on International Convergence of Capital Measurement and Capital Standards”, better known as the Basel II capital accord, or just plain Basel II.

Why should South Africans be remotely interested in such a bizarre-sounding framework — particularly one from the rarely-heard-of Bank for International Settlements in Basel, Switzerland?

That thought probably crossed the minds of members of Parliament last August when Finance Minister Trevor Manuel tabled the Banks Amendment Bill that incorporated Basel II into the Banks Act.

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