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| Proposal for a New Basel Capital
Accord |
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| In June 2004, the new capital adequacy framework known as Basel II was endorsed by central bank governors and the heads of bank supervisory authorities in the Group of Ten countries. The framework outlines risk-sensitive minimum capital requirements for banking organizations and the review of such assessments by supervisors. It also aims to improve transparency in banks’ financial reporting. |
| Recent Updates |
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Bies: Basel II implementation and revisions to Basel I
 Remarks by Governor Susan Schmidt Bies Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate November 10, 2005 |
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| Bies:
Basel II Developments in the United States
Remarks by Governor Susan Schmidt Bies before the Institute of International Bankers, Washington, D.C. September 26, 2005 |
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| Bies:
Enhancing Risk Management under Basel II
Remarks by Governor Susan Schmidt Bies at the Risk USA 2005 Congress, Boston, Massachusetts. June 8, 2005 |
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| Bies:
Capital and Risk Management Remarks by Governor Susan Schmidt Bies at the Women in Housing and Finance Spring Symposium, Capital Issues for Financial Institutions, Washington, D.C. May 26, 2005 |
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| Agencies
Announce Additional Analysis before Issuing Notice
of Proposed Rulemaking Related to Basel II Circular No. 11708, May 17, 2005 |
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| Rutledge:
Basel II: Risk Management and Financial Stability Remarks by William L. Rutledge, Executive Vice President, at the International Conference on Financial Stability and Implications of Basel II in Istanbul. May 17, 2005 |
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| Olson:
Basel II Remarks by Governor Mark W. Olson at the Annual Washington Briefing Conference of the Financial Women's Association, Washington, D.C. May 16, 2005 |
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| Banking
Agencies Issues Statement on Implementation of Basel
II Framework Circular No. 11676, January 31, 2005 |
| Domestic Implementation |
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| On August 4, 2003 the U.S. Supervisory Agencies released an advance notice of proposal rule making and draft supervisory guidance. Additional draft guidance was released in October 2004. This was followed by a fourth Quantitative Impact Study and a related Loss Data Collection Exercise in preparation for the U.S. implementation of Basel II. Banking
Agencies Finalize Basel II Survey Documents Comments
Requested on Proposed Retail Credit Risk Guidance Joint
Comment Request Concerning a Voluntary Impact Study and an
Operational Risk Loss Data Collection Banking
Agencies Announce Publication of Revised Capital Framework
and Describe U.S. Implementation Efforts |
| Background Documents: |
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Basel
II Capital Accord—White Papers and Other Background Documents
Overview of
the New Basel Capital Accord |
| Outreach Efforts |
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| The U.S. Supervisory Agencies have conducted multiple outreach meetings with banks to discuss implementation of Basel II. The aim of the outreach efforts is to discuss application of Basel II, as well as the qualifying criteria banks must satisfy to use the advanced approaches to credit and operational risk. |
