Resources for Basel II Capital Accord (Basel II)

Banks need to be high Basel II-compliant by 2013

biz.thestar.com.my

Malaysian banks will need be compliant with the highest level of Basel II banking risk management by 2013 to keep up with global developments. Basel II is an upgrade of the previous global banking risk management accord Basel I that focused on credit risk and subsequently market risk.

Under Basel II, the risk capital charge has been extended to cover all risks including “operational risk”. KPMG Business Advisory Sdn Bhd, head of ASPAC financial risk management, Dr John Lee, said: “It would be good to see Malaysian banks compliant to Advanced Measurement Approach (AMA) by 2013, not after that.”

View the Resource

Share or bookmarklet this web page at: