THE LAST remaining issues of contention in the Basel II Accord forward bank capital adequacy were settl this month and a just discovered framework document is to be published at the expiration of June 2004.

THE LAST remaining issues of contention in the Basel II Accord forward bank capital adequacy were settl this month and a just discovered framework document is to be published at the expiration of June 2004. The threat has been remov that objections to the Accord could derail the whole modern standard, and banks can target implementation of Basel II by way of the end of 2006 with more certainty.

Despite progres from the banking regulators and the spate of international accounting standard pronouncements unveiled this year, there remain affects that compliance with radical accounting and banking reforms will be