US banks hostile to NPR in Fed meetings

Minutes written by Federal Reserve officials and letters written by trade associations highlight the strong differences of opinion over the shape of Basel II implementation in the US - especially over home-host issues.

In summer meetings and letters to the Federal Reserve, bankers point out that there are key differences between the US implementation as outlined in the draft Notice of Proposed Rulemaking (NPR), and the original mid-year text of the Basel Committee on Banking Supervision, as well as the EU’s Capital Requirements Directive (CRD), creating substantive home-host issues. One of the most fundamental of these differences is the variations in the definitions of default.

In recent months, governor Susan

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here