I would like to begin by expressing my appreciation for our speakers who will share with us their insights on the topic of Basel II and Risk Management. The implementation of Basel II is expected to have significant implications on the stability of the banking system as well as the conduct of monetary policy.
In particular, the new capital adequacy standards under Basel II should lead to enhanced financial stability as banks are able to: (1) provide capital commensurate to their risk-taking activities; (2) properly assess the risks they are taking while supervisors should be able to evaluate the soundness of these assessments; and (3) appropriately disclose pertinent information.