Basel Committee publish implementation update

The Basel Committee published its newsletter No. 4 on Tuesday 1 February. The purpose of this update is to inform the banking industry, the supervisory community and other interested parties about the work that is under way within the Basel Committee's Accord Implementation Group (AIG) in the area of validation under the Basel II Framework.

One of the greatest challenges - for both banks and supervisors - of the Basel II Framework is the need to validate the systems used to generate the

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