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Basel II effective Jan1,2008; entered at 2007-12-02 07:43:46

Signas
Posts: 909
Registered: 2007-06-26 Reno

From what I can find Basel II goes into effect in the US Jan. 1 2008.

Quote:

I. Timeline of Events

In establishing a practical timeline for the qualification process, it is useful to work backwards, starting with the expected effective date of regulations implementing the Framework in the United States. Set forth below in reverse chronological order are the Agencies' current expectations for relevant milestones in the United States:
January 2008 - Effective date of final regulations,
January 2007 - First opportunity for "parallel run",
Mid-year 2006 - Publication of final rule and updated guidance,
Mid-year 2005 - Publication of NPR and updated guidance.

http://www.ots.treas.gov/docs/7/77501.ht....

How will this effect if any the Off-balance-sheet crap the banks are hiding.

The explanations I have found are a little over the head.

The link to the 629 p final rule .pdf

http://www.ots.treas.gov/docs/4/481015.p....

Last modified: 2007-12-02 08:01:05 by signas
Reason: add link