rbi speech, 2006-05-03
Even though it has been mentioned in several places that over 100 countries had implemented Basel I, the assessments done in 71 countries as a part of Financial Sector Assessment Program (FSAP) have revealed many deficiencies in the areas of risk management, consolidated supervision and corrective action for undercapitalised institutions, which are considered to be crucial to sound supervision and proper Basel II implementation.
Sentiment: neutral
Topic: mp_credit