July 21, 2003 News Archive

Board Issues Proposal on Implementation of Basel II
The Board recently issued advance notice of proposed rulemaking seeking public comment on the implementation of the New Basel Capital Accord in the U.S. The Board is also seeking comment on draft guidance on internal-ratings based systems for corporate credits and advanced measurement approaches for measuring operational risk.

Board Warns of Fraudulent Federal Reserve Note Schemes
The Board recently issued SR 03-14, which provides details of a scheme involving fraudulent Federal Reserve Notes.