'Bad banks' vulnerable under Basel 2, warn bankers

At a luncheon held at Hong Kong''s Foreign Correspondents Club, two senior bankers gave their views on how Basel 2 will affect Asia''s banks.

The new Basel Capital accord -- popularly known as Basel 2 -- has already made many bankers in Asia concerned about how they will manage their risk when it is implemented in 2004. A lot of the initial reaction to the proposals has been negative banks will go out of business, costs of implementing complicated risk-management technology will be prohibitive. Those are just two of the concerns.

However, the news is not all bad, according to two senior...

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