2006-09-27 17:12:02 · 3 answers · asked by ritu 1 in Business & Finance ➔ Credit
It is not Euorope's but by the heads of central Banks of G10 countries. The objective of Basel II is to provide guidelines to the Banks so that Banks have sufficient capital to support the risks they take in usual course of their business activity..viz..Banking.
Basel II accord gave norms for capital adequacy after 5 years of deliberations in June 2004. The accord rests on 3 pillars
1st - Minimum capital requirements
2nd- Supervisory review process
3rd- Market discipline
2006-10-01 00:45:34 · answer #1 · answered by Vinay A 1 · 0⤊ 0⤋
Basel II accord calls for providing capital not only for credit and asset risk, but also for operational risk. You may like to go thorough the speech delivered by RBI Governor, listed below.
The link below details of the apprehensions and views of a survey amongst the banks of Europe.
http://www.ceps.be/files/BankingQuestionnaire.pdf#search=%22basel%20II%20accord%20european%20banking%20system%22
2006-10-04 10:30:34 · answer #2 · answered by cvrk3 4 · 0⤊ 0⤋
it is a cumbersom way to make your life difficult
2006-09-28 07:42:50 · answer #3 · answered by Anonymous · 0⤊ 0⤋