US Agencies statement on Basel II advanced approaches qualification process
09 July 2008
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.
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© Federal Reserve
