X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The 1988 Basel Accord has become the global standard by which banks’ capital adequacy is measured. However, the new proposed Basel II Accord is aimed at creating a more risk sensitive capital framework. While the accord is not in itself legally binding, it will be implemented in the European Union (EU) through the Risk-based Capital Adequacy Directive (RCAD). The current expectation is that member states will be required to implement the directive in national legislation by no later than 31 December, 2006. Under the EU-adopted approach, Basel II will apply not merely to banks and building societies but to most investment houses.

This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.

A PREMIUM SUBSCRIPTION PROVIDES:

  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site's full archive of more than 56,000 articles

Already have an account?

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651

 

Legal Week Newsletters & Alerts

Sign Up Today and Never Miss Another Story.

As part of your subscription, you can sign up for an unlimited number of a wide range of complimentary newsletters and alerts. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2019 American Lawyer Media International, LLC. All Rights Reserved.