In this manner, we have been working to ensure that qualification is done thoroughly, fairly, and consistently. Enhancements to the Basel II framework One of the substantial benefits of the Basel II framework is its overall flexibility and adaptability to new practices, instruments, and circumstances.
That is, Basel II provides a robust structure within which to integrate new information and enhanced risk management practices as needed. As such, the Basel II framework is well suited to address some of the current challenges seen with the current Basel I framework.