Please find below a consultation paper on National Discretions for the Standardised Approaches to Credit and Operational Risk under the Basel II Capital Framework. This consultation paper has been prepared and issued jointly with the Isle of Man Financial Supervision Commission and the Jersey Financial Services Commission. Responses are requested by 16th June 2006. It has been sent to banks incorporated in Guernsey and to the Chairmen of the Association of Guernsey Banks and the International Bankers’ Association.
We intend to meet with the other islands soon after this deadline in order to address any issues raised during the consultation process before providing feedback and the publication of a list of National Discretions.
Click here to open the consultation paper (PDF, 176Kb).
PHILIP J. MARR
Director of Banking