FDIC to seek comments for standardised approach
The FDIC has bowed to industry pressure to include the standardised approach in the NPR, despite the Fed’s insistence that AMA is vital to safeguarding the financial system.
The standardised approach will be included in the options open for public comment on the draft text for Basel II implementation in the US. The decision was reached at the FDIC board meeting on the Basel II Notice of Proposed Rule-Making (NPR) today.
While the FDIC approved the NPR text for the advanced approach, the regulator requested further comments to be gathered to specifically address whether the largest banks should be allowed to use the standardised approach for credit and operational
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