Adopt Basel II with care: Malaysia's Zeti
Emerging-market authorities must adapt Basel II with particular attention to local conditions, said Zeti Akhtar Aziz, the governor of the Central Bank of Malaysia.
In a keynote address at SEACEN, a centre for South-East Asian Central Banks, Zeti said that regulators must ensure that the preconditions for effective implementation of Basel II are adequately developed so as not to cause market disruptions.
It is important that Basel II is implemented as part of, and not in isolation to, the overall
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