Newsletter Nov 2006: NPR update : US reviews benefits of its Basel II differences

Before issuing their final rule on the Basel II bank safety rules, US regulators intend looking at whether the benefit of rules specific to the US interpretation of Basel II outweigh the costs, Federal Reserve Board chairman Ben Bernanke said in mid-October. “In particular, we will look carefully at differences in the implementation of Basel II that may adversely affect the international competitiveness of US banks,” Bernanke said in remarks prepared for delivery simultaneously via satellite to two key banking industry conferences.