Two speeches; two very different views of Basel II in the US

Comparing the views of two US banking supervisors shows just how close the US is to reaching an impasse over Basel II.

In her last speech as a member of the board of governors of the Federal Reserve System, Susan Schmidt Bies again advocated a move forward with the proposals to implement Basel II in the US to members of the Global Association of Risk Professionals. “We need a more risk-sensitive capital framework… and we believe Basel II is such as framework.”
Bies also praised the GAO report and stated that it should help to push the process forward. She encourages audience members to respond to the Basel II

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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 Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net 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