Company insolvencies fall by 10% in first quarter 2003

The number of insolvent companies in England and Wales fell by 10% in the first quarter of 2003 compared to the same period a year ago, according to figures released today by the DTI and analysed by PricewaterhouseCoopers.

Basel II sums up the future for credit risk

Rules published this week by the Basel Committee on Banking Supervision in its third and final consultative paper will replace a set of rules from 1988, so-called Basel I.