Basel II proposal out in June; AMA/IRB approaches to be delayed
Yesterday, the Basel Committee on Banking Supervision confirmed that it will release the New Basel Accord, also known as Basel II, at the end of June 2004. But the Committee said the implementation of the advanced measurement approach (AMA) for operational risk and the advanced internal ratings-based approach (IRB) for credit risk would be delayed until the end of 2007 in order to provide additional time for supervisors and the industry to develop a consistent approach for implementation.
The Committee said it reached an agreement on outstanding technical issues, including treatment for revolving retail exposures and the measurements required for ‘loss give default’ parameters for banks that
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