US Congressman blasts Basel II while supervisors forge ahead

Regulatory Update

Richard Selby, who is chairman of the US Senate Banking Committee, expressed serious reservations about whether the US would ever adopt the revised Basel framework. His comments were reported in The Independent, a UK newspaper. The remark kicked off a series of meetings between Federal Reserve officials and members of the banking committees in both the House of Representatives and the Senate in the last days of January. According to one Federal Reserve official, the supervisor sought to stress

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

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

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