The Basel Accords: The Implementation of II and the Modification of I (CRS Report for Congress)
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Release Date |
Revised June 16, 2006 |
Report Number |
RL33278 |
Report Type |
Report |
Authors |
Walter W. Eubanks, Government and Finance Division |
Source Agency |
Congressional Research Service |
Older Revisions |
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Summary:
This report provides the basic information needed to understand the issues surrounding the proposed implementation of Basel II and the pending proposed modifications of Basel I in the United States. First, it gives a basic background on capital standards and how capital assessments were made before these accords. Second, it briefly explains how Basel I works. Third, it addresses the major problem with Basel I and the modifications being considered. Fourth, it describes the Basel II framework the United States may implement and the framework the EU is already implementing. The report concludes with a section on Congress and the Basel Accords.