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09 July 2008

US Agencies statement on Basel II advanced approaches qualification process


The federal banking and thrift agencies issued an inter-agency statement outlining the qualification process for banking organizations implementing the new advanced capital adequacy framework known as Basel II. 

The federal banking and thrift agencies issued an inter-agency statement outlining the qualification process for banking organizations implementing the new advanced capital adequacy framework known as Basel II.  The process consists of three major stages:

  • adoption of an implementation plan;
  • completion of a satisfactory parallel run; and
  • advancement through three transitional periods. 

 

The statement updates the inter-agency statement on qualification issued in January 2005 to reflect the final advanced approaches rule published December 7, 2007

 

Attachment



© Federal Reserve


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