the Transition Work Stream, chaired by Mr Paul Burgoyne from Standard Bank;  v.  the Governance Work Stream, chaired by Ms Elmarie Hamman from the Financial Sector Conduct Authority; and recently  vi. the Communications Work Stream, chaired by Mr Zafar Parker from the SARB.
Basel II is based on many of the economic capital principles used by the most sophisticated banks and therefore brings minimum regulatory capital requirements closer to banks’ internal capital models. By providing a consistent framework for the largest banks to use, supervisors will more readily be able to identify portfolios and banks whose capital is not commensurate with their risk levels.