Legal and Regulatory:
Basel II Advanced Approaches and Basel II Standardized Approach

The complexity and cost associated with implementing Basel II in the United States may effectively limit its application to those banking organizations that are able to take advantage of economies of scale and absorb the costs associated with the proposed enhanced risk management practices that would be required of Basel II banking organizations. Therefore, the Federal banking agencies have published a notice of proposed rulemaking (NPRM) for a U.S. implementation of the standardized approach of the Basel II Capital Accord. The NPRM proposes a more risk-sensitive capital regime relative to the existing Basel I-based capital rules contained in 12 CFR 3 Appendix A (general risk-based capital rules). The proposal would increase the number of risk-weight categories used in the calculation of capital requirements and include more differentiation in exposure categories. The NPRM also proposes a risk-based capital requirement for operational risk and includes disclosure requirements. The proposed capital regime would provide an alternative approach for national banks that are not required to calculate risk-based capital according to the advanced approaches risk-based capital rules (12 CFR 3 Appendix C). The proposal would permit eligible banks to choose to remain under the general risk-based capital rules or opt into the standardized approach capital framework as described in this NPRM.

Date	Item
07/31/2008	The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision have issued final guidance outlining the supervisory review process for banking organizations implementing the new advanced capital adequacy framework known as Basel II. OCC Bulletin 2008-20, Guidance (PDF)
07/29/2008	This bulletin briefly summarizes an interagency Notice of Proposed Rulemaking (NPR) for a U.S. implementation of the standardized approach of the Basel II Capital Accord. OCC 2008-19, Proposed Rulemaking, Comments
07/15/2008	The federal banking and thrift agencies issued final guidance outlining the supervisory review process for banking organizations implementing the new advanced capital adequacy framework known as Basel II. News Release 2008-81, Guidance (PDF)
07/10/2008	Regulatory Impact Analysis for Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance: Standardized Risk-Based Capital Rules (Basel II: Standardized Option), Office of the Comptroller of the Currency, International and Economic Affairs (2008) (PDF)
07/8/2008	The federal banking and thrift agencies issued an interagency statement outlining the qualification process for banking organizations implementing the new advanced capital adequacy framework known as Basel II. News Release 2008-77, Statement (PDF)
07/3/2008	The Office of the Comptroller of the Currency has approved for publication a notice of proposed rulemaking that would implement the standardized approach of the Basel II Capital Accord. Release 2008-75.
06/27/2008	The Basel Committee on Banking Supervision issued for public comment enhanced global Principles for Sound Liquidity Risk Management and Supervision. Release 2008-72
03/03/2008	Comptroller Dugan tells International Bankers that the Basel II U.S. Implementation is on a prudent, deliberate path. News Release 2008-26
12/07/2007	Implementation of the Advanced Approaches of the Basel II Capital Accord. OCC Bulletin 2007-47, Final Rule (PDF 2.2MB)
12/06/2007	Regulatory Impact Analysis for Risk-Based Capital Standards: Revised Capital Adequacy Guidelines (Basel II: Advanced Approach) 2007
12/26/2006	The Federal bank and thrift regulatory agencies announced that they will request public comment on a notice of proposed rulemaking (NPR) that would revise the existing risk-based capital rules for non-Basel II banking organizations (Basel IA). Additionally, the agencies have extended the due dates for comments on the Basel II NPR and related reporting templates. The comment periods for Basel IA and Basel II end on March 26, 2007.
12/12/2006	Regulatory Impact Analysis for Risk-Based Capital Guidelines (PDF); Capital Adequacy Guidelines; Capital Maintenance: Domestic Capital Modifications (Basel IA), International and Economic Affairs (2006).
09/26/2006	Comptroller Dugan Tells Senate Panel that Basel II Capital Framework Will Substantially Improve Large Bank Risk Management and Controls NR 2006-104, Testimony, Statement
09/14/2006	Comptroller of the Currency John C. Dugan told a House subcommittee today that the Basel II capital framework is intended not only to align capital requirements more closely to the complex risks inherent in large, internationally active banks, but to require those institutions to substantially improve their risk management systems and controls. NR 2006-96, Testimony
09/11/2006	Regulatory Impact Analysis For Risk-Based Capital Standards: Revised Capital Adequacy Guidelines (Basel II), International and Economic Affairs (2006).
09/05/2006	The federal bank and thrift regulatory agencies announced that they will request public comment on a notice of proposed rulemaking (NPR) that would implement new risk-based capital requirements in the United States for large, internationally active banking organizations. NR 2006-94, Comments
09/05/2006	The federal bank and thrift regulatory agencies announced that they will request public comment on a notice of proposed rulemaking (NPR) that would implement new risk-based capital requirements in the United States for large, internationally active banking organizations. NR 2006-94, Statement, Market Risk, NPR, Advanced Capital Adequacy Framework
06/08/2006	NR 2006-69, Comptroller of the Currency John C. Dugan discussed the Basel II capital accord in a speech to the Centre for the Study of Financial Innovation Remarks by John C. Dugan
10/06/2005	NR 2005-101, Comptroller Dugan Initiates Process to Improve Risk-Based Capital Rules Comptroller Dugan's Statement to FDIC
09/30/2005	NR 2005-99, Banking Agencies Announce Revised Plan for Implementation of Basel II Framework
4/29/2005	NR 2005-43, Banking Agencies To Perform Additional Analysis Before Issuing Notice of Proposed Rulemaking Related To Basel II.
03/14/2005	Acting Comptroller of the Currency Julie L. Williams addressed Implementation of Basel Capital Accord at the annual Washington conference of the Institute of International Bankers Speech
06/26/2004	Banking Agencies Announce Publication of Revised Capital Framework and Describe U.S. Implementation Efforts - NR 2004-52 Basel Announcement International Convergence of Capital Measurement and Capital Standards: A Revised Framework
05/11/2004	Consensus achieved on Basel II proposals
01/15/2004	The Basel Committee on Banking Supervision issued a press release reporting on continued progress toward the New Accord (also known as Basel II) Continued progress toward Basel II (BIS Press Releases 15 Jan 2004)
12/15/2003	NR 2003-99: Comptroller Hawke Restates U.S. Commitment to Basel Capital Process But Warns that Many Complex and Difficult Issues Must Still be Resolved Comptroller Hawke's Speech Before the American Academy in Berlin
10/30/2003	NR 2003-87: Proposed Treatment of Expected and Unexpected Losses Under the New Basel Capital Accord Interagency Statement
10/29/2003	OCC 2003- 44: Proposed Revisions to Risk-Based Capital Regulations Implementing the New Basel Capital Accord Interagency Statement Advance Notice of Proposed Rulemaking: 68fr45900
08/04/2003	NR 2003-61: Agencies Announce Publication of Documents Related to Basel Accord Implementation OCC 2003-32 Advance Notice of Proposed Rulemaking Draft Supervisory Guidance
07/17/2003	Basel Committee Releases Final Versions of Two Electronic Banking Publications Basel Committee Report on Management and Supervision of Cross-Border Electronic Banking Activities - Finalized Basel Committee Report Outlines Risk Management Principles for Electronic Banking - Finalized
07/11/2003	NR 2003-53: Bank and Thrift Agencies to Seek Comment On Proposals for U.S. Implementation of Basel II Statement of Comptroller Hawke Advance Notice of Proposed Rulemaking Corporate IRB Guidance Operational Risk Guidance
04/30/2003	NR 2003-34: Banking Agencies Announce Publication of Basel Accord Consultative Paper The New Basel Capital Accord: Third Consultative Paper
03/03/2003	NR 2003-15: Comptroller Hawke Highlights Importance of New Basel Capital Accord But Says Important Issues Must be Resolved Before OCC Will Issue Rules Comptroller Hawke's Remarks Before the Institute of International Bankers, Washington, D.C.