Basle II accord won’t affect most US banks, says central banker

BASLE II UPDATE

WHITE SULPHUR SPRINGS, VIRGINIA -- The Basle II bank capital accord will have virtually no impact on most US banks, US Federal Reserve Board vice-chairman Roger Ferguson said in late May.

The capital and regulatory structures being developed in Basle, Switzerland "will not affect the rules under which most, if not all, of the banks in this room will operate," Ferguson told the annual convention of the North Carolina Bankers Association in White Sulphur Springs.

In a speech on the increasing co

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