07.08.2012 - Emerging discipline of Islamic banking
Practical experience under different changing paradigms has led the Basel Committee on Banking Supervision to draft the second revision of the Basel Accord i.e. Basel III. This latest version of the Basel Accord has been evolved as a more stringent regulation to come into force phasing over the years from 2013 to 2019. This stringency has disqualified many a hybrid or derivative instrument for treatment as regulatory capital. As a result, although they were eligible under Basel I and Basel II, those derivative elements are now scheduled to be excluded from the purview of capital according to Basel III...............................................Full Article: Source
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