Crisis shows why we need Basel II, says Committee

The recent banking crisis has underlined the importance of Basel II implementation, according to the Basel Committee on Banking Supervision.

"Basel II implementation will help make the capital base more relevant to banks' changing risk profiles," the Committee said after a two day meeting which ended Tuesday. "The framework will also serve to create incentives for better risk measurement and management, including for securitisation exposures and liquidity lines for asset-backed commercial pap

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