Comptroller Dugan Tells Conference of Basel II Capital Accord Forward Progress

Basel IIOffice of the Comptroller of the Currency (OCC)General Information

NEW ORLEANS, La. – Comptroller of the Currency John C. Dugan said today Federal bank regulators are nearing completion of the supervisory and regulatory framework for Basel II in the United States, with tangible progress to report as it relates to both rulemaking efforts regarding Pillar 1 – minimum capital requirements and Pillar 2 – supervisory review of capital adequacy at individual firms. Equally important, Mr. Dugan indicated that the banks and agencies are moving into a new stage in the Basel process – a stage that focuses on institution-specific implementation efforts and the supervisory scrutiny of those actions.

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