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The New Basel Capital Accord
Latest news
29 April 2003
The Basel Committee on Banking Supervision has issued a third consultative paper on the New Basel Capital Accord.
Comments are due by 31 July 2003, and will be helpful to the Committee as it makes the final modifications to its proposal for a new capital adequacy framework. The goal of the Committee continues to be to complete the New Accord by the fourth quarter of this year, with implementation to take effect in member countries by year-end 2006. To that end, work already has begun in a number of countries on draft rules that would integrate Basel capital standards with national capital regimes.
An overview paper accompanies the third consultative document. This paper provides a summary of the new capital adequacy framework. It also outlines changes to the proposal since the release in October 2002 of the QIS 3 Technical Guidance, which banks used to assess the impact of the New Accord on their portfolios. The Committee issued the results of the QIS 3 impact study on 5 May 2003.
Read the documents from the Third Consultative Paper, April 2003
Read the documents from the Second Consultative Paper, January 2001
Background
In January 2001 the Basel Committee on Banking Supervision issued a proposal for a New Basel Capital Accord that, once finalised, will replace the current 1988 Capital Accord. The proposal is based on three mutually reinforcing pillars that allow banks and supervisors to evaluate properly the various risks that banks face. The New Basel Capital Accord focuses on:
minimum capital requirements, which seek to refine the measurement framework set out in the 1988 Accord
supervisory review of an institution's capital adequacy and internal assessment process
market discipline through effective disclosure to encourage safe and sound banking practices
The Basel Committee received more than 250 comments on its January 2001 proposals. In April 2001 the Committee initiated a Quantitative Impact Study (QIS) of banks to gather the data necessary to allow the Committee to gauge the impact of the proposals for capital requirements. A further study, QIS 2.5, was undertaken in November 2001 to gain industry feedback about potential modifications to the Committee's proposals.
In December 2001 the Basel Committee announced a revised approach to finalising the New Basel Capital Accord and the establishment of an Accord Implementation Group. Previously, in June
2001 the Committee released an update on its progress and highlighted several important ways in which it had agreed to modify some of its earlier proposals based, in part, on industry comments.
During its 10 July 2002 meeting, members of the Basel Committee reached agreement on a number of important issues related to the New Basel Capital Accord that the Committee has been exploring since releasing its January 2001 consultative paper.
The New Basel Capital Accord
Please note that full translations into French, German, Italian and Spanish will be available soon.
Third Consultative Paper
29 April 2003
The Basel Committee on Banking Supervision has issued a third consultative paper on the New Basel Capital Accord.
Comments are due by 31 July 2003, and will be helpful to the Committee as it makes the final modifications to its proposal for a new capital adequacy framework. The goal of the Committee continues to be to complete the New Accord by the fourth quarter of this year, with implementation to take effect in member countries by year-end 2006. To that end, work already has begun in a number of countries on draft rules that would integrate Basel capital standards with national capital regimes.
An overview paper accompanies the third consultative document. This paper provides a summary of the new capital adequacy framework. It also outlines changes to the proposal since the release in October 2002 of the QIS 3 Technical Guidance, which banks used to assess the impact of the New Accord on their portfolios. The Committee issued the results of the QIS 3 impact study on 5 May 2003.
Documents
Overview of The New Basel Capital Accord (PDF, 18 pages, 103 kb)
The New Basel Capital Accord by section:
Scope of Application (PDF, 15 pages, 70 kb)
Pillar One (PDF, 132 pages, 732 kb)
Pillar Two (PDF, 16 pages, 88 kb)
Pillar Three (PDF, 15 pages, 82 kb)
Annexes (PDF, 48 pages, 220 kb)
Press release (April 2003)
The 1988 Capital Accord
Quantitative Impact Study (QIS)
Basel II Chronology
Full document (PDF, 1176 kb)
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For personal use only in study and research; not for commercial use
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仅供个人用于学习、研究;不得用于商业用途。
For personal use only in study and research; not for commercial use.
Nur für den persönlichen für Studien, Forschung, zu kommerziellen Zwecken verwendet werden.
Pour l 'étude et la recherche uniquement à des fins personnelles; pas à des fins commerciales.
толькодлялюдей, которыеиспользуютсядляобучения, исследований и не должны использоваться вкоммерческих целях.
For personal use only in study and research; not for commercial use
以下无正文
仅供个人用于学习、研究;不得用于商业用途。
For personal use only in study and research; not for commercial use.
Nur für den persönlichen für Studien, Forschung, zu kommerziellen Zwecken verwendet werden.
Pour l 'étude et la recherche uniquement à des fins personnelles; pas à des fins commerciales.
толькодлялюдей, которыеиспользуютсядляобучения, исследований и не должны использоваться вкоммерческих целях.
以下无正文。