rbi speech, 2006-05-03
The implementation plans in regard to Basel II, as far as Asia-Pacific is concerned, may be broadly divided into three ranges - one, where the simplest approaches and the most advanced approaches are available at the time of first implementation (Australia, Korea, Singapore, New Zealand); second, where the simplest approaches are available initially and at least one of the most advanced approaches is available within a year or two thereafter (Hong Kong, Japan, Indonesia, Thailand); and third, where the simplest approaches are allowed initially and the date of availability of the most advanced approaches is yet to be announced or are available after more than two years (China, India, Malaysia, and Philippines).
Sentiment: neutral
Topic: mp_credit