Basel Ia NPR due out this month
NEW YORK - The long-awaited notice of proposed rulemaking (NPR) on Basel Ia for small and regional US banks is expected to be released this month, with an extension to the consultation period for the Basel II NPR also on the cards, according to the leader of one of the banking regulatory authorities behind the new rules.
Speaking last month, Federal Deposit Insurance Corporation (FDIC) chairman Sheila Bair said: "I'm sympathetic to that request [for an extension of the Basel II NPR consultation] and I think everybody is. I think we can extend the Basel II comment period and still have time."
The Basel Ia NPR, which proposes draft rules for smaller US banks to calculate their capital adequacy requirements, has been
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