Sharing of information intended to help to promote the successful implementation of Basel II
Cooperation among supervisors are hugely important, Le Pan says
Proposed framework would be mandatory for large, internationally active banking organizations
Changes in rules do not alter underlying economic reality of transactions
Papers discuss credit risk assessments for loans; fair value option
Regulator encourages banks to begin disclosing information under Pillar 3
Changes reflect Base II
Mechanisms are in place to ensure that banks maintain a solid capital base
But banks’ capital ratios under Basel II will have less comparability than generally believed
Wellink succeeds Caruana