Abstract
Banks that are regulated in the UK have lived with regulatory capital adequacy requirements since 1988 when the original Basel Capital Accord came into effect. Basel 2 effected a substantial revision to the old regime. The capital requirements of the Basel 2 Capital Accord were intended to become effective from the beginning of 2007 and, in pursuance of EC legislation, have now been implemented in the UK. This article describes the more important features of the application of the Basel 2 capital requirements in the UK, including a comparison with the position that applied previously, as well as the related subjects of large exposures and liquidity requirements.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call