Further delays hit US Basel II implementation
COVER STORY: NEW LEGISLATION INCORPORATES A YEAR-LONG STUDY TO RESEARCH THE POTENTIAL IMPACT OF BASEL II
The new law requires the Comptroller General to report to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives "on the potential impact on the financial system of the United States of the implementation of the new Basel Capital Accord (Basel II) and the proposed revisions to current reserve requirement regulations for non-Basel II banks".
The report will focus on whether there would be a reduction in capital
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