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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.  (More about the Basel Committee…)

Date	Item
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.

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