Banks face tough test ahead on international stage

- Central Banking staff
- 13 Nov 2002

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JAPAN - Japan's banks, soon to face unprecedented pressure to clean up their massive bad loan mess, already have a lot on their plate. But their job now looks set to get even harder, thanks to new capital accounting standards the Bank for International Settlements-the central bank of the world's central bankers-wants to introduce.

The Swiss-based organization's Basel committee has prepared a draft of revisions to international banking rules that would require institutions to calculate their core

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