| US agencies publish Basel Accord consultation documents The four US federal bank and thrift regulatory agencies (the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and the Office of Thrift Supervision) have announced the publication of joint Federal Register notices and requests for comment on two interagency documents related to the proposed implementation of the new Basel Capital Accord in the United States. The first document, an Advance Notice of Proposed Rulemaking, details the agencies' current views on a proposed framework for implementing the revised Capital Accord in the United States. Under the proposal, internationally active banks meeting certain criteria would be subject to the advanced internal ratings-based approach for credit risk and the advanced measurement approaches for operational risk. The second document contains two sections. The first sets forth draft supervisory guidance on internal ratings-based systems for corporate credits and the second describes draft supervisory expectations for operational risk management. Comments on the two documents will be accepted up to November 3rd, 2003. (Use the links below to read PDF versions.) * Risk-Based Capital Guidelines; Implementation of New Basel Capital Accord
•Date:
7th August 2003 • Region: North America
•Type: Article •Topic:
Operational
risk
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