US deadlines for regulatory proposals revealed

The US plans to kick its Basel II regulation machine into gear fairly quickly, according to a source with regulatory connections.

An ‘advanced notice of proposed rule-making’ (ANPR) is expected to be issued by the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency in May or early June to coincide with the publication of the Bank for International Settlements' third consultation paper (CP3). An official set of proposed rules, called the ‘notice of proposed rule-making’ (NPR) is then expected to be published for a comment period towards the end of 2003, around the

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