The new Basle II capital adequacy rules have been approved by central bankers and regulators of the G10 group of nations but banks remain confused about how to implement the credit monitoring requirements.
The regulations, which still require approval from political bodies, have won endorsement from the G10 after nearly six years of negotiations. They were immediately welcomed by the Washington-based Institute for International Finance.
But the IIF also repeated its concerns about how the rules will be enforced and their likely impact on banks.
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