Feds Delay Basel Rule Notice

Four federal banking regulators have agreed that additional analysis is needed before publishing a notice of proposed rulemaking on the U.S. implementation of the Basel II international capital standards.The Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corp., and the Office of Thrift Supervision had intended to publish the NPR at midyear 2005, but instead have agreed to a delay to better assess the results of a recently completed quantitative impact study. The agencies have now agreed to issue the NPR at the earliest possible date after considering issues raised by the study's results.