In June 2004, the new capital adequacy framework known as Basel II was endorsed by central bank governors and the heads of bank supervisory authorities in the Group of Ten countries. The framework outlines risk-sensitive minimum capital requirements for banking organizations and the review of such assessments by supervisors. It also aims to improve transparency in banks’ financial reporting.
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Proposal for a New Basel Capital Accord
Recent Updates
Bies: Basel II implementation and revisions to Basel I 
Remarks by Governor Susan Schmidt Bies Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
November 10, 2005
Bies:
Basel II Developments in the United States
Remarks by Governor Susan Schmidt Bies before the
Institute of International Bankers, Washington, D.C.
September 26, 2005
Bies:
Enhancing Risk Management under Basel II
Remarks by Governor Susan Schmidt Bies at the Risk
USA 2005 Congress, Boston, Massachusetts.
June 8, 2005
Bies:
Capital and Risk Management
Remarks by Governor Susan Schmidt Bies at the Women
in Housing and Finance Spring Symposium, Capital
Issues for Financial Institutions, Washington, D.C.
May 26, 2005
Agencies
Announce Additional Analysis before Issuing Notice
of Proposed Rulemaking Related to Basel II
Circular No. 11708, May 17,
2005
Rutledge:
Basel II: Risk Management and Financial Stability
Remarks by William L. Rutledge, Executive Vice President,
at the International Conference on Financial Stability
and Implications of Basel II in Istanbul.
May
17, 2005
Olson:
Basel II
Remarks by Governor Mark W. Olson at the Annual Washington
Briefing Conference of the Financial Women's Association,
Washington, D.C.
May
16, 2005
Banking
Agencies Issues Statement on Implementation of Basel
II Framework
Circular
No. 11676, January 31, 2005
Domestic Implementation
On August 4, 2003 the U.S. Supervisory Agencies released an advance notice of proposal rule making and draft supervisory guidance. Additional draft guidance was released in October 2004. This was followed by a fourth Quantitative Impact Study and a related Loss Data Collection Exercise in preparation for the U.S. implementation of Basel II.
Banking
Agencies Finalize Basel II Survey Documents
November 3, 2004
Comments
Requested on Proposed Retail Credit Risk Guidance
October 27, 2004
Joint
Comment Request Concerning a Voluntary Impact Study and an
Operational Risk Loss Data Collection
August 16, 2004
Banking
Agencies Announce Publication of Revised Capital Framework
and Describe U.S. Implementation Efforts
June 26, 2004
Background Documents
Basel
II Capital Accord—White Papers and Other Background Documents
Overview of
the New Basel Capital Accord
April 2003, 18 pages/ 103 kb
Outreach Efforts
The U.S. Supervisory Agencies have conducted multiple outreach meetings with banks to discuss implementation of Basel II. The aim of the outreach efforts is to discuss application of Basel II, as well as the qualifying criteria banks must satisfy to use the advanced approaches to credit and operational risk.
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