Uncertainty remains over Basel II, says Schmidt-Bies
An element of uncertainty still exists about the full impact of Basel II in the US, according to Federal Reserve board member, Susan Schmidt-Bies.
Speaking to the Institute of International Bankers in Washington, DC, in early October, Schmidt-Bies said the QIS4 results have generated some concerns about the potential impact of Basel II in the country.
"We at the Federal Reserve clearly see some important issues that will require further analysis, but believe they would be best resolved by gathering better-quality data and information that can only come as banks progress in their implementation of Basel II requirements. To facilitate that
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