"Our neighboring countries including India and Pakistan have already published their road map for implementation and adopted the standardised approach for risk management and basic indication approach for operational risk management," he said while inaugurating a workshop.

Bangladesh Bank (BB) organised the workshop on Basel-II Accord in Dhaka recently as part of its ASEL-II awareness programme attended by high-level officials of the central bank, commercial banks and non-banking financial institutions involved in the Basel implementation process, says a press release.

Basel II is an effort by international banking supervisors to update the original international bank capital accord (Basel I), which has been in effect since 1988. The Basel Committee on Banking Supervision developed the current proposals.