Feature
IIB survey provides nation-specific comparison of Basel II implementation
Survey results show particular differences from different countries implementing the Revised Accord.
BIS paper offers insight into the IRB use test
Principles outlining the BIS’ expectations for firms using the use test have been set out by the BCBS.
Basel II under hostile fire at FDIC conference
Basel II may be imperfect, expensive and a burden, but is the only solution available to the financial institutions, according to a number of speakers at the conference.
Congress “concerned” over US Basel II proposals
Congressmen state unease that Basel II may not effectively diminish operational risk in the financial industry.
In Brief: CESR releases questionnaire on application of CRAs
CESR is seeking information on CRA codes.
Restrictive Basel II is a “regulatory tax”, says ABA
Conservative safeguards written into the NPR will prevent any benefits being realised, according to the leading trade association for banks in the US.
In Brief: BIS publishes quarterly review
The Bank for International Settlements (BIS) has released its quarterly review.
State bank supervisors had demanded the standardised approach
The standardised approach was being requested by industry and state regulators long before four of the biggest banks went to Congress requesting its inclusion in the NPR.
NPR updated to include the standardised approach
After pressure from the industry, the standardised approach has now been included in the NPR.
FDIC to seek comments for standardised approach
The FDIC has bowed to industry pressure to include the standardised approach in the NPR, despite the Fed’s insistence that AMA is vital to safeguarding the financial system.
Mifid Level II measures published in the Official Journal
The level II measures to implement the Markets in Financial Instruments (Mifid) directive have been published in the European Commission’s Official Journal.
HKMA releases draft Basel II rules for consultation
The complete draft rules for implementing Basel II in Hong Kong have been published.
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.
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