Road Map For Integration Of Banks With Basel I.I. Framework

ANKARA (AA) - ''Basel II (Revised international capital framework) is 'the outcome of an international regulation and supervision approach' aiming at fulfilling requirements of modern banking in the 2000s'', Turkish State Minister & Deputy Prime Minister Abdullatif Sener said on Monday.
     Holding a press conference on the road map for integration of banks with the Basel II framework, Sener said that risks of banks were taken up more comprehensively in the Basel II.
     Sener noted that Basel II was built on three structural basics when compared with Basel I, and listed these grounds as capital adequacy, capital supervision and market discipline.
     ''Basel II is focusing on risk management as well as risk calculation,'' said Sener.
     Stating that the final text of the EU version of Basel II would be made public soon, Sener said, ''as a future EU member, Turkey has to adopt and implement the reflections of Basel II on EU acquis.''
     Sener stated that the Banking Regulation & Supervision Agency (BRSA) of Turkey was working to set the principles for implementation of Basel II framework, and solve the problems, and said that these initiatives would be speeded up after the final text of Basel II was published.
     The road map made public today should be considered as a road map for not only BRSA but also all banking system and Turkey, added Sener.
     (BRC-ULG)
2005-05-30