The Basle II timetable


January/February 2001 -- Basle Committee issues its second consultative paper (CP-2) on Basle II, the new capital accord for Group of 10 internationally active banks. European Commission publishes its second consultative paper on its third capital adequacy directive, closely modelled on Basle II, which will apply to all banks and investment firms in the EU. Both organisations target 2004 for implementation.

May 31, 2001 -- Deadline for comments on CP-2 and Commission paper.

June 25, 2001 -- Basle

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