Bundesbank's Meister on Basel II

In a speech on 'The supervisory implications of Basel II' given on 20 April, Edgar Meister of the Deutsche Bundesbank said that a common goal that finance ministries, central banks and supervisory authorities are sharing is to enhance the stability of the financial system.

In the speech Meister delivered three key messages:

"The second pillar of Basel II is a significant, vital part of the whole framework. Its scope in covering the risks banks are facing is much wider than the concept of minimum

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