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Basel II Moves Global Banking Toward Self-Regulation

By Charles M. Miller
April 08, 2004
The Basel II Capital Accord is designed to improve the international flow of capital while ensuring the soundness of every internationally active bank. Basel II, like the original Basel Accord, is the product of years of work by banking supervisors of G-10 countries through the Basel Committee on Banking Supervision (BCBS) at the Bank for International Settlements headquartered in Basel, Switzerland....