In the 1980s, the banking regulators from the major industrial countries developed capital standards for internationally active banks. The standards were developed by a committee of regulators from the largest industrial nation operating under the auspicies of an international organization called the Bank for International Settlements in Basel, Switzerland. This Basel Capital Accord of 1988 was subsequently adopted by virtually every banking regulator in the world and imposed on all banks. In June 1999, the Basel Committee proposed a complete overhall of the standards.
All banks are welcome to respond to the latest proposal.
Comments are due by May 31. E-mail the ABA Webmaster.