Thus, we are mindful that amendments to the Basel I rules should not be too complex or too burdensome for the large number of small- and mid-sized institutions to which the revised rules might apply. Indeed, a number of those commenting on the ANPR advocated leaving existing rules unchanged.
Loans will be transferred to the net book value (net of loan loss provisions). The amount of the deferred tax asset to be transferred will match additional loss so that the valuations of these loans will approach market prices.