Newsletter September 09: Malaysia banks set for ‘advanced’ Basel II in 2010

PETALING JAYA – Malaysia’s banks are on track to adopt the Basel II advanced approach to capital adequacy measurement from the beginning of 2010, according to a mid-August report by The Sun On-line, a local on-line news service. The Basel II capital adequacy framework for banks was completed by regulators from North America, Europe and Japan in 2004, and has been introduced in many countries around the world – but not the US – since 2007.