|
|
Article: Regulators Make Deal On Basel II Timetable: 3-year phase-in will start in '08; delay is win for small banks.
- Article from:
- American Banker
- Article date:
- October 3, 2005
- Author:
CopyrightCOPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
WASHINGTON -- Having reached a hard-fought compromise, federal regulators said Friday that they would phase in the stalled Basel II capital accord, with final implementation to come in 2012.
That would be two years later than the latest estimates; in June 2004 the regulators agreed to start implementation in 2008 and complete it in 2010.
Regulators in other countries are sticking with that time frame, but it was slowed down here by disagreement among the four bank and thrift agencies on how much effect Basel II would have on competition between large banks and small.
The U.S. regulators said Friday they would release a new proposal in the first ...