Resources for Basel II Capital Accord (Basel II)

ECB's Wellink: Basel II May Need Fine Tuning

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The current turmoil on financial markets may require a fine-tuning of the Basel II framework, according to Nout Wellink, president of the Netherlands Bank and member of the European Central Bank's governing council, in a prepared speech he decided not to deliver Friday . The Basel II framework in that sense is inherently flexible with its risks-based approach," said Wellink, who is also Basel Committee on Banking Supervision Chairman. He added that "even so, as lessons from the turmoil become clear, it may be necessary to fine tune certain elements of the Basel II." The speech was handed out to journalists and was to be delivered as part of a panel discussion at a symposium hosted by the Bank of France.

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