Large calls for extension of Basel capital
SPEECH - Speaking in London to a conference organised by the British Bankers' Association, Sir Andrew Large, the Bank of England's deputy governor responsible for financial stability, argued that the new Basel II capital regime would soon have to be extended in some way to cover insurance and securities business: "my observation is that whatever thinking might have gone into the Basel II Accord for banks, we would be wise to focus further, on the way in which capital adequacy and other
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