Basel Committee

Get your house in order

On Thursday August 14 this year, the lights went out across the northeast US and the Canadian province of Ontario, in the worst ever power failure in North American history.

Emerging markets raise concerns at World Bank meeting

The discretion to introduce more flexibility in calculating certainoperational risks under the alternative standard approach (ASA) wascautiously welcomed by developing country representatives present at theWorld Bank/International Monetary Fund’s seminar…

Fed to change supervision structure for Basel II

The Federal Reserve Bank of New York will change the way its supervisory departments are structured in order to implement Basel II, William Rutledge, executive vice president of the banking supervision group and a member of the management committee at…

US Supervisor confirms 11 "mandatory" banks

A top US supervisor has confirmed, in a conversation with a BaselAlert.com editor, that there are in fact 11 banks that have been told they will have to adopt the advanced credit and operational risk approaches under Basel II.

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