Audio By Carbonatix
The Bank of Ghana has postponed the implementation of new risk management standards for banks.
The Central Bank has set 2012 as the new deadline for banks to adopt new standards expected to minimize the level of risk depositors' funds are exposed to.
The banks were originally supposed to have adopted the standards, known as the Basel II in April this year.
It requires a rigorous risks and capital management structure to ensure the banks hold adequate capital depending on the level of risks.
Head of Banking Supervision, Okoe Sai says the strict regulations are necessary especially because of the recent capital increase for banks.
Source: Joy Business/Myjoyonline.com/Ghana
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
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