ANPR maps out US differences on Basel II implementation for banks
WASHINGTON, DC -- US regulators are determined to go their own way when it comes to implementing Basel II, according to the government’s ANPR, published in mid-July.
The document contains many clear signs that US regulators -- including the Federal Reserve, the OCC, the FDIC and the Office of Thrift Supervision -- have deviated from the framework laid out in the Basel Committee on Banking Supervision’s CP3.
To begin with, of course, only about 10 US banks will have to adopt Basel II on a mandatory
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