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Bank sector representatives have agreed that regular exchange of information and views play an important role in enhancing banking risk management and regulation.
Seventy representatives from 23 central banks and supervisory authorities, and 21 leading commercial banks, attended a two-day meeting concluding today, to discuss the implementation of Basel II in Asia and other supervisory priorities in Hong Kong.
The purpose of the meeting was for banks and bank regulators to share knowledge and concerns to promote the common goal of achieving prudent risk measurement and management under Basel II.
Among the topics discussed were the implementation of Pillar 1 credit and operational risk approaches, cross-border issues in Basel II, innovative capital instruments and enterprise-wide risk management.
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