Resources for Basel II Capital Accord (Basel II)

Discount to set up new Basel II division

www.globes.co.il

Israel Discount Bank (TASE: DSCT) will set up a unit within its business division to deal with the implementation of Basel II - The New Basel Capital Accord of the Basel Committee on Banking Supervision. Ehud Arnon will manage the new unit. An international consultancy firm recommended the measure.

One the Basel II guidelines stipulates that risk bearer must be separate from the risk manager. The purpose is to keep apart the customer relations manager who works with bank customers on a regular basis, including the sale of credit, and the person who analyzes the credit application and customer's risk in order to make a recommendation as to whether to extend the credit.

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