The federal banking and thrift agencies issued an inter-agency statement outlining the qualification process for banking organizations implementing the new advanced capital adequacy framework known as Basel II.
The federal banking and thrift agencies issued an inter-agency statement outlining the qualification process for banking organizations implementing the new advanced capital adequacy framework known as Basel II. The process consists of three major stages:
- adoption of an implementation plan;
- completion of a satisfactory parallel run; and
- advancement through three transitional periods.
The statement updates the inter-agency statement on qualification issued in January 2005 to reflect the final advanced approaches rule published December 7, 2007.
Attachment
© Federal Reserve
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article