Fed governor urges comments for NPR
Susan Schmidt Bies, the governor of the US Federal Reserve, has stated the importance of companies’ comments on the NPR on US Basel II implementation, due to be released today. The final NPR is expected to be issued in the Federal Register after all the US banking agencies complete their review and approval processes, when it will be officially out for comment.
In her speech on sound capital and risk management, Bies stated that comments “will contribute importantly to the assessment of Basel II objectives and its implementation, and will help us as we develop the framework further... We strongly encourage you to comment on all aspects of the Basel II NPR, so that we have a well-informed basis for further development of the Basel II framework.”
Bies emphasised the importance of US implementation, saying that “it is helpful, as we anticipate release of
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