Resources for Basel II Capital Accord (Basel II)

ECB, Bank of Russia launch supervision, auditing programme

www.forbes.com

The European Central Bank has launched a three-year programme with the Bank of Russia aimed at increasing cooperation in banking supervision and internal auditing.

'The banking supervision component of the programme will aim at enhancing the institutional capacity of the Bank of Russia to maintain the stability of the Russian banking system,' an ECB statement said.

It is to focus on helping the Russian banking system meet so-called Basel II criteria, which are designed to improve the consistency of capital reserve rules internationally and promote better risk-management practices by globally active banking institutions.

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