OTS: Statement of John M. Reich, Director, concerning Development of a New Basel Capital Framework

Basel IIOffice of Thrift Supervision (OTS)Risk Management

I. Introduction

Good morning, Chairman Shelby, Ranking Member Sarbanes, and Members of the Committee. Thank you for the opportunity to discuss the views of the Office of Thrift Supervision on the development of the Basel II capital framework in the United States for our larges U.S. financial institutions and the parallel modernization of Basel I for our institutions.

The development of Basel II has been underway, internationally, for a number of years. In the Uni

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