Bank and Thrift Agencies Seek Comment on Basel II
WASHINGTON -- The federal bank and thrift regulators have announced that they will seek public comment guidance documents related to Basel II.
The comments sought are in reference to the September 2006 notice of proposed rulemaking on new risk-based capital requirements in the United States for large, internationally active banking organizations. It would not impact credit unions, but many have been keeping an eye on the process as NCUA and the credit union trades pursue a risk-based capital framework for credit unions.
The proposed Basel II capital framework would be mandatory for large, internationally active banks and optional for other institutions. The Basel II NPR includes the criteria for banking organizations qualified under the proposed new capital framework.