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All of Banking Will Be Affected by Basel II
- Article from:
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Community Banker
- Article date:
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July 1, 2005
- Author:
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Copyright informationCopyright America's Community Bankers Jul 2005. Provided by ProQuest LLC. (Hide copyright information)
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Although full implementation of Basel II, the New Basel Capital Accord, is scheduled for 2008, it's already churning in many circles of the industry, and some say community banks should expect rough water ahead.
Basel II essentially is the amendment to Basel I, the original Basel Capital Accord adopted in 1988 by international bank regulators. The four federal banking agencies had intended to publish a notice of proposed rulemaking (NPR) with respect to the Basel II framework at midyear 2005, but agreed on April 29 that they need more time to conduct analysis, specifically to better assess the results of a recently completed quantitative impact study.
"The delay in issuing the NPR is ...