The four
federal bank and thrift regulatory agencies announced today 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.
Earlier
this month, the agencies approved issuance of the two documents for public
comment.
The
new Accord, which is being developed by the Basel Committee on Banking
Supervision, builds on and, for certain banks, would replace the Basel Capital
Accord of 1988, which is the framework for capital adequacy standards for
large, internationally active banks and the basis for the risk-based capital
adequacy standards now in place for all U.S. banks and bank holding companies.
The first
document, an Advance Notice of Proposed Rulemaking, sets forth for public
comment 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 section 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 by 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, through November
3, 2003.
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Attachments
Media Contacts:
OCC Robert
Garsson (202) 874-5770
Federal Reserve Dave
Skidmore (202) 452-2955
FDIC David
Barr (202) 898-6992
OTS Chris
Smith (202) 906-6677