The Financial Services Authority published its latest guidance on the implementation of Basel II via the European Capital Directive. The guidance provides firmer insight into how these rules - particularly in the areas allowing for national discretion - will be applied by U.K.- regulated credit institutions and investment firms.

The latest consultative paper, CP05/03, brings the FSA a step closer to being one of the first among European national regulators to interpret how the directive would be applied locally. Feedback on the paper is due by April 29, 2005.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.