Please find attached two papers on Basel II-related issues. The first is on “External Credit Assessment Institutions’ Ratings and Mapping of Ratings to Risk-Weights” which is available here, and has been prepared and issued jointly with the Isle of Man Financial Supervision Commission and the Jersey Financial Services Commission. The second is the Commission’s “Basel II Implementation Bulletin” which is available here. Both documents have been sent to all banks incorporated in Guernsey and to the Chairman of the Association of Guernsey Banks.
CHRISTOPHER LE MARCHANT
Deputy Director of Banking