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Agencies Issue Statement on Basel II Advanced Approaches Qualification Process
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July 8, 2008
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| Circular No. 11968 | |
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The federal banking and thrift agencies have issued an interagency statement outlining the qualification process for banking organizations implementing the new advanced capital adequacy framework known as Basel II. The statement updates the interagency statement on qualification issued in January 2005 to reflect the final advanced approaches rule published December 7, 2007. See the press release for full details.
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