January 18 is the deadline for comment on the Basel IA proposals, which were issued jointly by the four federal banking supervisory agencies in October in the form an advanced notice of proposed rulemaking, or ANPR.
The Basel IA proposals are intended to help offset any competitive disadvantages that might arise for numerous regional and community banks from the planned application of the controversial Basel II rules to only a handful, estimated at 20 or so, of the nationâs largest banks. All these banks must use only the most advanced approaches to measuring their credit and operational risks when Basel II is implemented in the US in 2009.
So far only a few comments on the Basel IA proposals have been posted electronically via the federal rulemaking portal. However, more comments are expected in the two days left before the deadline expires.