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Basel II
In
June 1999, the Basel Committee, established by the central bank Governors
of the Group of Ten countries at the end of 1974, issued a proposal for a
New Capital Adequacy Framework to replace the 1988 Basel Capital Accord.
The goal of the Committee is to complete the New Capital Accord (known as
Basel II) by mid-year 2004, with implementation to take effect in member
countries by year-end 2006. To that end, work already has begun in a
number of countries on draft rules that would integrate Basel capital
standards with national capital regimes.
Regulatory Burden Reduction Initiatives
The
Office of the Comptroller of the Currency (OCC), the Board of Governors of
the Federal Reserve System (Federal Reserve), the Federal Deposit
Insurance Corporation (FDIC), and the Office of Thrift Supervision (OTS)
are requesting comments to identify and eliminate outdated, unnecessary or
unduly burdensome regulations imposed on insured depository institutions
pursuant to Section 2222 of the Economic Growth and Regulatory Paperwork
Reduction Act of 1996 (EGRPRA).
White Papers, Studies, Speeches &
Testimonies
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