Sept. 11, 2006 News Archive

Agencies Seek Comments on Basel II and Market Risk Proposed Rulemakings
In a press release, the federal bank and thrift regulatory agencies announced that they request public comment on a notice of proposed rulemaking (NPR) that would implement new risk-based capital requirements in the United States for large, internationally active banking organizations. The NPR details the agencies' plans for implementing the Basel Committee on Banking Supervision's (BCBS) new capital accord (Basel II) that was issued in 2004. The agencies also request comment on proposed Basel II supervisory reporting templates. Comments on the proposals are due within 120 days of publication in the Federal Register.

Board Releases Latest Beige Book
In the latest Beige Book, all twelve Federal Reserve Districts indicate that economic activity continued to expand since the last report, but five Districts indicated deceleration while the remaining seven reported little change in the pace of growth. Details, including individual Reserve Bank summaries, are available in the full report.

FFIEC BSA/AML Examination Manual Conference Calls
The Board of Governors of the Federal Reserve System (FRB), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), Office of Thrift Supervision (OTS), and the Financial Crimes Enforcement Network (FinCEN) are hosting two nationwide conference calls on Sept. 13 and 14 regarding the release of the revised 2006 FFIEC BSA/AML Examination Manual for the banking industry. The Office of Foreign Assets Control will also participate in these calls. Each one-hour teleconference will provide an overview of significant revisions and updates to the manual and conclude with a question and answer session. These calls are open to all banking organizations. (PDF)