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Analysis & opinionSeptember 1 2004

Adhering to the Basel II framework

The Basel Committee recently published the Basel II framework. Jaime Caruana, chairman of the committee, responds to The Banker’squeries on it. Q Might the US try to rewrite the framework after its extended QIS4 studies and, if so, will the framework have to be changed? A Firstly, let me say that the framework we published on June 26 is an excellent product, agreed by all Basel Committee members and the result of long and careful discussions, wide consultations and comprehensive impact studies.

by Banker Editor

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