Just in case your printers have not finished printing out the November 2005 update to the accord, you can now save the expense of printing it out. The BCBS have now released a consolidated version of the new Accord.

At 347 pages we are now comfortably more than 11 times the length of the original accord, so make sure you have a new ream of paper in your printer and try to double side it, please. Your shareholders will notice the difference in the dividends.

Here is the BCBS’s summary of their latest publication:

This document is a compilation of the June 2004 Basel II Framework, the elements of the 1988 Accord that were not revised during the Basel II process, the 1996 Amendment to the Capital Accord to Incorporate Market Risks, and the November 2005 paper on Basel II: International Convergence of Capital Measurement and Capital Standards: A Revised Framework. No new elements have been introduced in this compilation