Impact of Basel Rule Seen as Distant

The final text of the Basel II international capital rules is slated to be released Friday, but experts at an international housing conference in Brussels said market participants won't really see the full impact of the rule until years from now."We really won't see Basel II until 2010, and perhaps beyond," Eric Klopfer, director at AIG United Guaranty, told attendees at the International Union for Housing Finance World Congress. There are likely to be delays in implementing Basel II in emerging markets in particular, said Britt Gwinner, lead specialist in market risk management at the World Bank.