View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

STATEMENT OF
FEDERAL DEPOSIT INSURANCE CORPORATION
CHAIRMAN DONALD POWELL
FOLLOWING BOARD OF DIRECTORS MEETING
July 11, 2003
“I’m pleased that we’re giving the industry – at long last – an opportunity to thoroughly
comment on how the proposed Basel II accord would be implemented in the United
States. I hope that this comment period will result in a better understanding of the
Agreement’s impact on bank capital and on competition, both domestically and
internationally. I also hope it will result in exploration of alternatives to the current Basel
II approach that would result in a better alignment of bank regulatory capital to risk. I
look forward to reading the comments from the industry as the FDIC considers its
position on the Accord going forward.”
Proposed Implementation of the New Basel Capital Accord in the U.S
Last Updated 07/11/2003