Getting to the core (TT Sept03 p33-35)

The third and final Bank for International Settlements Basel Committee consultation paper on proposed capital adequacy requirements for banks was finally published in April 2003. That means banks are now at least aware of the likely extent of the proposals, even if they have not yet done anything about them. Meanwhile, treasurers might be forgiven for thinking that the new Accord will have little impact on them and so can afford to ignore it – but we shall see.