This, in turn, would have negative consequences for economic growth and employment and would impact on financial stability, particularly in countries such as Greece, where SMEs account for a large share of total output and employment. I believe, however, that the final version of Basel II substantially alleviates these concerns. In Greece, the majority of banks will adopt the standardized approach.
It dropped further after late October as a result of the precipitous decline in Hong Kong stock prices and temporarily reached around ¥ but has recently recovered to around ¥ In the foreign exchange market, the yen moved at around ¥ to the U.S. dollar between September and October.