Wednesday, June 27, 2007

Basel II may lead to smoother bank profits-Wellink

(Reuters) - "Basel II has pushed firms further than they may have gone
on their own," said Nout Wellink in a speech to a banking
conference on risk management in Paris.




"One might reasonably expect such improvements to lead to
more consistent profits and reduced volatility of credit losses
as a result of consistent risk spreading, more effective
deployment of capital and the ability to make better business
decisions," said Wellink.


Read more at Reuters.com Government Filings News

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