US supervisors approve Basel II final rule

REGULATORY UPDATE

WASHINGTON, DC – The four main US regulators – the Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS), the Federal Deposit Insurance Corporation (FDIC) and the Board of Governors of the Federal Reserve System – published the Basel II capital requirements final rule on November 1, just in time for Thanksgiving. Judging by the comments OpRisk & Compliance has received, most bankers, industry commentators and consultants will be spending the holiday wading through the 6oo

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