As regards the market risk, under Basel II also, the banks will continue to follow the Standardised-Duration Method as already adopted under the Basel I framework. For migration to the advanced approaches available under the framework, prior approval of the RBI would be required. Pillar 2 considerations 11.
Another provides evidence on the link between trade, commodity prices, financial markets and monetary policy, through a comparison of the global transmission of Chinese and US monetary policy. (A pity, though, that the euro area is not covered).