The
U.S. banking agencies have made available survey materials for the fourth
Quantitative Impact Study (QIS-4) and a related Loss Data Collection Exercise
(LDCE) in preparation for the U.S. implementation of the Basel II Capital
Framework.
The Basel
Committee on Banking Supervision proposed new international capital standards
for banking organizations in June 2004, and the proposal is currently being
evaluated by bank supervisory authorities worldwide. QIS-4 is intended to provide the agencies a better understanding
of how the implementation of a more risk-sensitive approach for regulatory
capital standards might affect minimum required capital at the industry,
institution, and portfolio level. The
LDCE is intended to provide insight, based on detailed loss event data, into
the implications of the proposed Basel II standards regarding the Advanced
Measurement Approaches for evaluating operational risk.
Materials for the
U.S. survey are available on the web site of the Federal Financial Institutions
Examination Council at www.ffiec.gov/qis4
and www.ffiec.gov/ldce. Interested parties may review and use these
materials to gain a better understanding, themselves, of the possible
implications of such new capital standards for their own institutions.
Approximately thirty U.S. banking organizations
have indicated an interest in participating in the U.S. version of QIS-4, while
fewer are expected to participate in the LDCE.
The agencies are requesting responses for the LDCE by late November 2004
and for the QIS-4 by late January 2005.
The information received should help them by mid-year 2005 prepare a joint
Notice of Proposed Rulemaking for implementing Basel II in the United States.
Attachments
Media Contacts:
Federal Reserve Susan
Stawick (202) 452-2955
FDIC David Barr (202) 898-6992
OCC Robert Garsson (202) 874-5770
OTS Chris Smith (202) 906-6677