In addition to learning what we can from the QIS4 results, we will also assess comments on the trading and banking book proposals released jointly by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions.
We intend to incorporate those treatments and revisions into the interagency notice of proposed rulemaking for implementing Basel II in the United States and hope to complete our efforts in a timely manner. BIS Review 43/2005  3  Although the agencies have decided to delay the notice of proposed rulemaking while we review the QIS4 results, we remain committed to Basel II.