Malta's Bonello: Basel II amendments ambitious and far-reaching

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Michael Bonello, governor of the Central Bank of Malta, on Friday discussed a number of proposals currently under consideration for the new Basel II capital requirements.

At the Annual Seminar of the Institute of Financial Services in Floriana, Bonello addressed some of the weaknesses in the current framework.

Hediscussed two consultation documents, one from the Basel Committee on Banking Supervision issued in December 2009, on "Strengthening the resilience of the banking sector" and another by

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