19.12.2005
Basel II schedule
According to the Swiss financial magazine "Schweizer Bank" the schedule for the implementation of the Basel II regulations should not see any major postponement. Basel should come into fore on 1 January 2007 in Switzerland, for the entire European community in 2008 and lastly for the USA in 2009.
The results of this unsynchronized implementation are not yet clear. In particular, European Banks will have to see whether or not Basel II rules can be applied for their US subsidiaires in 2008.
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