Opening remarks at the Global Association of Risk Professionals Forum, New York City.

Remarks at the Swiss National Bank-International Monetary Fund Conference, Zurich, Switzerland.

Remarks at the Swiss National Bank-International Monetary Fund Conference, Zurich, Switzerland.

Opening remarks at the Global Association of Risk Professionals Forum, New York City.

This paper is a commentary on the third in the series of consultative papers (CP3) on a New Basel Capital Accord for banks, earlier papers being issued in 1999 and 2001. While CP3 retains the overall structure of its predecessor, it contains many revisions and a more complete set of rules....