John Hawke puts question mark over Basel Accord

USA - The Basel committee's attempts to finalise a new capital accord have been thrown into doubt in a speech by John Hawke, US Comptroller of the Currency, one of the US representatives on the committee. Speaking to a conference of commercial-sector risk managers in Washington DC, Mr Hawke cast doubt on whether in fact the accord could be produced at all saying: "All the criticism and delay have cast a cloud over the Basel process, causing some to speculate whether the Committee will be abl

To continue reading...