O'Reilly logo

IT Regulatory Compliance in North America by Alan Calder

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 4: BASEL 2

The Bank for International Settlements1 (‘BIS’) is an international organization based in Basel, Switzerland, which fosters international monetary and financial cooperation and serves as a bank for central banks.

BIS supports the Basel Committee on Banking Supervision, which is made up of members from 13 countries around the world. It has over 30 technical working groups dealing with financial issues from capital adequacy to risk management.

The Basel 2 Accord is formally titled: ‘International Convergence of Capital Measurement and Capital Standards: a Revised Framework’. It was first published in June 2004 and has been revised and updated since; the most current version was published in June 2006. Basel 2 has thee ‘pillars’: ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required