News Release 2004-101 | November 3, 2004

Banking Agencies Finalized Basel II Survey Documents

Joint Release

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

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 website of the Federal Financial Institutions Examination Council at and 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.

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

Media Contact

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