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The Basel Committee on Banking Supervision announced that it is broadening the mandate of its Accord Implementation Group (AIG) from the current focus on implementation of the Basel II framework. The AIG will be renamed the Standards Implementation Group (SIG) and will concentrate on implementation of Basel Committee guidance and standards more generally. The group will continue to be chaired by José María Roldán, Director General of Banking Regulation at the Bank of Spain.
As the Basel II framework and its implementation remain top priorities for the Basel Committee, the new group will continue to work on Basel II implementation issues, supervisory colleges and home-host issues.