Printer Friendly

BASEL COMMITTEE PROPOSAL TO AMEND CAPITAL ADEQUACY FRAMEWORK: REQUEST FOR COMMENTS AND RELEASE OF AN INTERAGENCY SUMMARY.

The federal bank regulatory agencies will accept public comments on a major proposal by the Basel Committee on Banking Supervision to amend the 1988 international capital adequacy framework. The full document is available on the web site of the Bank for International Settlements at www.bis.org. Comments are requested on the proposal by May 31, 2001, and may be sent to the U.S. banking agencies and to the Basel Committee.

Although the 1988 Capital Accord was applied to all banks in the United States, it has not been determined how broadly the new approach will be applied, particularly given the many complex elements that may not be needed for smaller, less complex institutions. The U.S. banking agencies recently issued an advance notice of proposed rulemaking for noncomplex institutions ("Simplified Capital Framework for Non-Complex Institutions," published November 3, 2000). Comments received on that proposal (due by February 1, 2001) will be considered in determining whether to apply the new approach to all banks.

The Federal Reserve Board on January 23, 2001, released an interagency summary of the Basel Committee on Banking Supervision's consultative proposal issued to the public on January 16, 2001. Attached to the summary is a set of discussion issues. Respondents to the Basel Committee proposal are encouraged to review and provide comments on the entire range of topics covered in the proposal and to take particular notice of the issues highlighted in the U.S. agencies' release. The summary and questions are available on the web sites of the Office of the Comptroller of the Currency (www.occ. treas.gov), the Federal Reserve Board of Governors (www.federalreserve.gov), and the Federal Deposit Insurance Corporation (www.fdic.gov).
COPYRIGHT 2001 Board of Governors of the Federal Reserve System
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Federal Reserve Bulletin
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 1, 2001
Words:283
Previous Article:RECOMMENDATIONS OF WORKING GROUP ON PUBLIC DISCLOSURE.
Next Article:REVISED CAPITAL PROPOSAL FOR NONFINANCIAL EQUITY INVESTMENTS.
Topics:


Related Articles
Statements to the Congress.
REVISED CAPITAL PROPOSAL FOR NONFINANCIAL EQUITY INVESTMENTS.
Statements to the Congress.
Publication of the December 2002 update to the Bank Holding Company Supervision Manual. (Announcements).
Agencies issue advance notice of proposed rulemaking for the New Basel Capital Accord.
Capital standards for banks: the evolving Basel Accord.
Publication of documents related to implementation of the Basel Capital Accord.
Publication of Revised Capital Framework and U.S. implementation plans.
Proposed revisions to 1998 Basel Capital Accord (Basel I).
Revised plan for implementation of Basel II Framework.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters