The new proposals (implementing in the European Union the new Basel Accord - Basel II) aim at eliminating the shortcomings that were identified so far, ensuring that financial institutions' capital is more closely aligned with the risk they face, and specifies how the requirements apply to individual investment firms, groups of investment firms and mixed groups.
The new proposals (implementing in the European Union the new Basel Accord - Basel II) aim at eliminating the shortcomings that were identified so far, ensuring that financial institutions' capital is more closely aligned with the risk they face, and specifies how the requirements apply to individual investment firms, groups of investment firms and mixed groups.