Fed publishes ANPR preview material

The US Federal Reserve has published material on its website that gives readers a preview of what can be expected from the forthcoming advance notice of proposed rulemaking (ANPR), which has a planned late-July release date.

The material is the product of a series of recent outreach meetings Fed officials held with banks that are exploring the possibility of adopting the Basel II advanced approaches for credit risk and operational risk – the so-called opt-in banks. It includes slide presentations about the overall Basel II framework in the US, as well as slide overviews of the substance of the operational risk and corporate internal ratings-based approach (IRB) for credit risk.

Regulators acknowledged that they

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