The implementation of Basel II on  4  BIS Review 110/2009  1 January 2008 and the application of the Core Principles for Effective Banking Supervision issued by the Basel Committee on Banking Supervision remain the cornerstones of the Bank’s regulatory and supervisory framework.
The Bank continued to refine its Basel II-revised regulatory and supervisory approach during 2008 and 2009 by attending, inter alia, to the Internal Capital Adequacy Assessment Processes implemented by banks; thematic reviews of credit, market and operational risk; and the processing of applications by banks to use the advanced approaches to calculate their minimum capital requirements in respect of credit and operational risk.