Caruana on Basel II - a new approach

In a speech on 'Basel II - a New Approach to Banking Supervision' given on 1 June, Jaime Caruana of the Bank of Spain said Basel II is an important step in embracing a new, incentives-based approach to supervision. In the speech Caruana discusses how it will keep our supervisory framework up-to-date with the latest advances in risk measurement techniques and risk management practices.

"It is clear that, to accomplish all of these intentions, the new capital framework will be a very different

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