|Joint Press Release||
Board of Governors of the Federal Reserve System|
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Office of Thrift Supervision
|For Immediate Release
||October 30, 2003|
Proposed Treatment of Expected and Unexpected Losses Under the New Basel Capital Accord
The federal bank and thrift agencies on Thursday issued the attached statement regarding the Basel Committee on Banking Supervision's request for comment on a modification to its proposed international capital standards.
The modification deals with the treatment of expected and unexpected losses. The Basel Committee will accept comments from all interested parties until December 31, 2003.
|Federal Reserve||Dave Skidmore||(202) 452-2955||OCC||Kevin Mukri||(202) 874-5770|
|FDIC||David Barr||(202) 898-6992|
|OTS||Chris Smith||(202) 906-6677|