RBI's Leeladhar on demystifying Basel II

In the speech 'Demystifying Basel II' given on 26 September Shri V.Leeladhar of the Reserve Bank of India said flexibility has been the hallmark of our reform process, which was evident in our Basel I implementation.

"Taking into account the concerns that may arise during the course of Basel II implementation, it may be necessary for us regulators, especially in the emerging economies, to adopt a flexible approach while implementing Basel II.

"As I mentioned at the outset, I had set out to

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