News Release 2005-6 | January 27, 2005

Agencies Issue Statement on Implementation of Basel II Framework

Joint Release

Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Office of Thrift Supervision

The federal banking and thrift agencies today released an interagency statement on implementation of the Basel II framework and the qualification process for the framework’s “advanced approaches.” The interagency statement is attached.

Media Contacts:

Federal ReserveAndrew Williams(202) 452-2955
FDICDavid Barr(202) 898-6992
OCCKevin Mukri(202) 874-5770
OTSErin Hickman(202) 906-6677
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