New Basel Capital Accord revolutionizes risk management in commercial banks worldwide.
The article discusses how commercial banks can evaluate risks using the New Basel Capital Accord. It focuses on credit risk, market risk, and operation risk, and suggests ways for banks to manage these risks effectively. The key recommendations include setting up evaluation organizations, balancing risks for comprehensive management, improving risk management methods, and using more advanced risk-control tools. The article emphasizes the shift from simple to complex risk evaluation methods for better risk management in commercial banks.