Number: RL33278
Title: The Basel Accords: The Implementation of II and the Modification of I
Authors: Walter W. Eubanks, Government and Finance Division 
Abstract: 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.
Pages: 23
Date: Updated June 16, 2006