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 Basel II
is an effort by international banking supervisors to update the original
international bank capital accord (Basel I), which has been in effect since
1988. The Basel Committee on Banking Supervision, on which the United States
serves as a participating member, developed the current proposals. They aim to
improve the consistency of capital regulations internationally, make regulatory
capital more risk sensitive, and promote enhanced risk-management practices
among large, internationally active banking organizations
OCC,
FRB, FDIC and OTS jointly release
notice that they have reached agreement on implementation of the Basel II
accords 7.20.07
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