FSA to conduct Basel II implementation QIS
LONDON – The UK's Financial Services Authority (FSA) is planning to join the list of countries conducting a fourth quantitative impact study (QIS) of the effects of Basel II implementation, according to FSA documents. In addition, the FSA published materials on its website more clearly outlining the waiver application process for those firms intending to adopt the advanced measurement approach in October.
According to minutes from the September 23 high-level advisory group for Basel/CRD implementation meeting, the FSA will be conducting a QIS4 in 2005 alongside several other nations, including the US and Germany. "QIS4 would be onerous for both FSA and firms," said the minutes, "and could risk diverting attention from important preparation work. But there would be benefits in terms of close contact between firms and the FSA during 2005."
The FSA also released information about its waiver pack
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