U.S. institutions operating under Basel II will apply the framework to the consolidated organization, so that the foreign branches and subsidiaries of these U.S. organizations thus will be in full compliance with the home country rules of the new Accord.
Decisions have to be taken in accordance with the legal foundations on a case-by-case basis, and, simultaneously, equal treatment between new and current EU Member States must be ensured throughout the whole process. The acceding countries are in the midst of an integration and catching-up process, and their equilibrium exchange rates will be subject to gradual changes and shocks over time.