Can Basel II be made to work?

ARTICLE - Latest developments in the progress of the Basel II Capital Accord have raised concerns by both US and European parties that its complexity will lead to unequal treatment. The Banker magazine, in its August 2002 edition, examines the issue and reports on a survey which concluded that the winners, under the new rules, would ultimately save 20%-30% of regulatory capital.

A collective sigh of relief issued from global bank regulators after their mid-July meeting in the sleepy Swiss town of

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