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7/25/24, 10:51 AM FRB: Press Release--Interagency documents related to new Basel Capital Accord--August 4, 2003 Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Office of Thrift Supervision Joint Press Release For Immediate Release August 4, 2003 Agencies Announce Publication of Documents Related to Basel Accord Implementation The four federal bank and thrift regulatory agencies announced today the publication of joint Federal Register notices and requests for comment on two interagency documents related to the proposed implementation of the new Basel Capital Accord in the United States. Earlier this month, the agencies approved issuance of the two documents for public comment. The new Accord, which is being developed by the Basel Committee on Banking Supervision, builds on and, for certain banks, would replace the Basel Capital Accord of 1988, which is the framework for capital adequacy standards for large, internationally active banks and the basis for the risk-based capital adequacy standards now in place for all U.S. banks and bank holding companies. The first document, an Advance Notice of Proposed Rulemaking, sets forth for public comment the agencies' current views on a proposed framework for implementing the revised Capital Accord in the United States. Under the proposal, internationally active banks meeting certain criteria would be subject to the advanced internal ratings-based approach for credit risk and the advanced measurement approaches for operational risk. The second document contains two sections. The first section sets forth draft supervisory guidance on internal ratings-based systems for corporate credits and the second describes draft supervisory expectations for operational risk management. Comments on the two documents will be accepted by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision, through November 3, 2003. ### Attachment (619 KB PDF) Attachment2 (569 KB PDF) Media Contacts: OCC Robert Garsson (202) 874-5770 Federal Reserve Dave Skidmore (202) 452-2955 FDIC David Barr (202) 898-6992 OTS Chris Smith (202) 906-6677 2003 Banking and consumer regulatory policy https://www.federalreserve.gov/boarddocs/press/bcreg/2003/20030804/default.htm 1/2 7/25/24, 10:51 AM FRB: Press Release--Interagency documents related to new Basel Capital Accord--August 4, 2003 Home | News and events Accessibility Last update: August 4, 2003 https://www.federalreserve.gov/boarddocs/press/bcreg/2003/20030804/default.htm 2/2