Implementation of Basel Ii

14 Pages Posted: 3 Jan 2006

See all articles by Jaime Caruana

Jaime Caruana

Bank for International Settlements (BIS)


In this article Jaime Caruana, Governor of the Bank of Spain and Chairman of the Basel Committee on Banking Supervision, first discusses the current status of the Basel II Accord. Next, he offers his perspective on macroeconomic issues related to the capital framework, focusing especially on pro-cyclicality. Finally, he discusses three important Basel II implementation issues, namely calibration, validation, and cross-border supervision.

Suggested Citation

Caruana, Jaime, Implementation of Basel Ii. Financial Markets, Institutions & Instruments, Vol. 14, No. 5, pp. 253-265, December 2005, Available at SSRN: or

Jaime Caruana (Contact Author)

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4002

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