Basel II: National Discretions for the Standardised Approaches to Credit and Operational Risk
In May and June 2006 the Commission consulted with banks on proposed National Discretions to be adopted by the Guernsey, Isle of Man and Jersey Commissions in connection with the Standardised Approaches to Credit and Operational Risk under the Basel II Capital Framework. Comments from banks in response to the consultation were considered and reviewed by the Commissions and, after taking account of those comments, final National Discretions have been agreed. The most recent paper outlining these National Discretions is available here.
P J Marr
Director of Banking