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Proposal To Issue A Supplement To The Basel Capital Accord To Cover Market Risk

VIII. Timing of consultation and implementation

25. The consultation period for these proposals will close at the end of July 1995. The Committee plans to issue a definitive Supplement to the Basle Accord around the end of 1995, setting end-December 1997 as a deadline for its implementation by all member countries. This recognises that whereas some member countries may be able to implement the Supplement quite rapidly, others will find it takes their banks a considerable amount of time to prepare their systems accordingly.

April 1995

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