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Proposed revisions to 1998 Basel Capital Accord (Basel I).(Announcements)(Brief Article)
- Article from:
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Federal Reserve Bulletin
- Article date:
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September 22, 2005
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Copyright informationCOPYRIGHT 2005 Board of Governors of the Federal Reserve System. 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)
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The Federal Reserve Board decided on October 6, 2005, to request public comment on proposed revisions to the U.S. risk-based capital standards for banking organizations. These current standards are based upon the 1988 Basel Capital Accord, also known as Basel I.
The proposed revisions should more closely align risk-based capital requirements with the risk inherent in various exposures and could mitigate competitive inequalities that may arise as new capital rules, known as Basel II, are implemented for the most complex internationally active banking organizations.
The modifications that the Board, the Office of the Comptroller of the Currency, the Federal Deposit ...