US to complete further quantitative impact studies, says Ferguson

Ferguson said US authorities will be conducting a quantitative impact study (QIS) during 2004, and that he could envision "at least one or two more before final implementation".

Ferguson also noted that the list of banks that will be forced to adopt the Basel II approach is now 10, with a further list of 10 banks that will adopt Basel II voluntarily. The regulators' advanced notice of proposed rulemaking (ANPR) will be issued before the end of July, according to regulatory sources. It will be

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