. to be quite clear, the federal reserve believes that strong capital is critical to the health of our banking system and we believe that basel ii will help us continue to ensure that u. s. banks maintain capital levels that serve as an appropriate cushion against risk - taking. as we have mentioned before, we will continue to use existing prudential measures to complement basel ii. for example, the current leverage ratio requirement - - a ratio of capital to total assets - - will remain unchanged for all banks, whether or not they are subject to the basel ii framework. also, supervisors will continue to enforce existing prompt - corrective - action rules in response to declines in capital. both the leverage ratio and prompt - corrective - action are fully consistent with basel ii. basel ii npr i will not try to summarize the npr here today. we want all of you to read it and come to your own judgments. i would, however, like to highlight a few key points. as you know, the u. s. basel ii npr is based on the 2004 framework issued by the basel committee and adheres to the main elements of that framework. but the u. s. agencies, just as their counterparts in other countries, have exercised national discretion and tailored the basel ii framework to fit the u. s. banking system and u. s. financial environment. for example, the u. s. agencies continue to propose that we implement only the advanced approaches of basel ii, namely the advanced internal - ratingsbased approach ( airb ) for credit risk and the advanced measurement approaches ( ama ) for operational risk. the u. s. agencies also included in the npr a timetable and set of transition safeguards that are more rigorous than those set forth in the 2004 basel ii framework. for instance, the u. s. agencies are proposing three transition floors, below which minimum required capital under basel ii will not be permitted to fall, relative to the general risk - based capital rules. the first transition period would have a floor of 95 percent, the second 85 percent, and the third 80 percent. part of the justification for implementing more rigorous floors stemmed from the lessons we learned from the fourth quantitative impact study ( qis4 ) conducted in the united states in 2004. as i have said before, qis4 was not intended to reflect the ultimate impact of basel ii on u. s. institutions - - particularly since it was not based on a complete proposal and bank inputs to qis

ahmet ismaili : approximate market value and sale, and purchase prices of immovable properties opening speech by mr ahmet ismaili, governor of the central bank of the republic of kosovo, at the conference " approximate market value and sale, and purchase prices of immovable properties ", pristina, 27 october 2023. * * * dear mr bauer, director of the office of democracy and governance, usaid kosovo dear, mrs ober, head of usaid's property governance activity dear panellists dear participants it is with great pleasure that i address you with this introductory speech, underlining the importance of the appraisal of immovable property, which affects many dimensions and important aspects of society and is one of the key factors for the development and economic potential of the country. investments in construction for residential and commercial properties on average account for a significant share of the gross domestic product, therefore, the establishment of regulatory acts for the adaptation of international standards and best practices for the appraisal of immovable property is of special importance for the republic of kosovo. the financing of properties, residential and commercial facilities, but also of businesses depends a lot on the possibilities of immovable property mortgages, which directly affects the credit level of a country's economy. the quality of the collateral used, and especially the quality of its appraisal for an adequate coverage of the risk, has an impact on the stability of the financial system. the central bank of the republic of kosovo attaches special importance to the appraisal of immovable property from the financial sector, also through a comprehensive regulatory framework that is related to several aspects of this sector. therefore, the cbk has regulated the appraisal of immovable property through specific regulations that apply to banks, other lending institutions and insurers that rely on immovable property as collateral for any purpose. appraisal of immovable property and the quality of market value data have a significant impact on all the following aspects related to financial institutions, such as : presentation of the real state of financial statements of the financial institutions ; fair presentation of health indicators of financial institutions related to reserves for covering losses, solvency, and liquidity ; accurate presentation of the value of exposures, preparation and monitoring of the residential property price indices for macroprudential supervision ; 1 / 3 bis - central bankers'speeches proper presentation of issues related to the field of formalization of the economy and prevention of money laundering ; and the correct presentation of tax