VTB Applying Basel II Approach Before Deadline

VTB Bank OJSC is implementing the risk rating-based approach outlined under Basel II before regulators require the change, said Herbert Moos, chief financial officer and deputy chairman of the management board, even as the country as a whole lags in adopting the bank capital rules.

Russia’s second-largest lender has staffed the risk project and is working with external consultants, Moos said last week on an earnings call.

Read more here>>

Bloomberg BRIEF Newsletters