United States: Publication of Financial Sector Assessment Program Documentation: Technical Note on Basel II Implementation Preparedness in the United States
IMF Staff Country Reports, May 14, 2010
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- United States: Publication of Financial Sector Assessment Program Documentation: Technical Note on Basel II Implementation Preparedness in the United States
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Bibliographic details
- Published: May 14, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455206643.002
Summary of key findings
- The key findings of the United States’s Basel II Implementation Preparedness are discussed.
- Certain policy choices that the authorities have made or may make related to allowing banks to choose the capital regime that applies to them may open up arbitrage possibilities that the authorities need to take into account in the future.
- Each agency has a well-articulated overall Basel II strategy that has been disseminated to appropriate supervisory staff and communicated to relevant banking organizations.
Major themes and substantive points
- Basel II implementation preparedness across U.S. supervisory agencies.
- Risks from policy choices that permit banks to opt into different capital regimes, creating potential arbitrage possibilities.
- Importance of communication and dissemination of agency Basel II strategies to supervisory staff and banking organizations.
Subject areas and keywords
- Subject: Banking, Basel Core Principles, Basel II, Capital adequacy requirements, Credit risk, Financial regulation and supervision, Operational risk
- Keywords: a number of bank, AIRB bank, approaches rule, bank calculation, bank plan, Basel Core Principles, Basel II, capital adequacy, Capital adequacy requirements, core bank, CR, credit risk, Credit risk, II framework, implementation plan, ISCR, Operational risk, opt-in bank, validation process