FOR IMMEDIATE RELEASE
June 26, 2008
Andrew Gray (202-898-7192)
The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved an interagency proposal that would provide banks with the option to adopt an alternative risk-based capital framework based largely upon the Standardized Approach set forth in the Basel II Framework.
The Standardized Approach capital framework would be available to all banks except the largest and most complex banks that are subject to the Advanced Approaches final rule issued on December 7, 2007.
This is not the regulation yet. This is a proposal only.
Approved Basel II rules for large banks (>$150 bln assets) is here.