US regulators split over the future of Basel II
Regulatory Update
Federal Reserve vice-chairman Roger Ferguson opened the month with a speech at a risk management conference in which he indicated that the number of mandatory banks adopting Basel II in the US could grow before the US rulemaking process is finished, and that foreign banks that meet the US’s criteria for Basel II adoption could be placed in the mandatory category. Mandatory banks in the US will be forced to implement the advanced approaches of both credit and operational risk. Ferguson also noted
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