Reserve Bank had issued guidelines to banks in June 2004 on maintenance of capital charge for market risks on the lines of “Amendment to the Capital Accord to incorporate market risks” issued by the BCBS in 1996.
- The unity of Europe was a dream of a few, grew into the hope of many, and is nowadays a necessity for all." I believe that a similar statement could also be made on the euro. I pointed out already why I believe that the euro has become a necessity.