Advanced IRB Basel II approach delayed

But the committee confirmed that it would release the new Basel Accord, Basel II, at the end of June 2004.

Implementation of the basic, standardised, alternative standardised and foundation approaches for credit and operational risk remain scheduled for the end of 2006.

The committee felt that one more year of impact analysis/parallel running will be needed for the most advanced approaches.

The committee said it reached an agreement on outstanding technical issues, including treatment for

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