Final Basel II rules agreed by stateside regulators
WASHINGTON – The US interagency authorities have reached agreement on the final proposals for Basel II implementation that includes the option of the standardised approach for non-core banks, and removes many of the most contentious elements of its previous notice of proposed rulemaking (NPR).
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency and the Office of Thrift Supervision released details of the rule, which they claim will make the advanced approach "technically consistent in most respects with international approaches".
Among the limited detail of the rule released so far, the agreement retains the NPR's
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