| |
| | Intro to the Basel Committee |
 | | The Basel Committee on Banking Supervision (BC or the Committee) is made up of representatives from Belgium, Canada, France, Germany, Italy, Japan, Luxembourg, the Netherlands, Spain, Sweden, Switzerland, United Kingdom, and the United States. |
 | | First, Basel II would introduce flexibility by allowing a bank to select from various options a capital structure that matches the complexity of the bank’s operations. |
 | | Second, Basel II includes new procedures under which supervisory agencies would review a bank’s internal processes for the purpose of insuring that capital and risks are properly evaluated and structured. |
| www.complianceheadquarters.com /AML/AML_Articles/basel_committee.html (714 words) |
|