In addition, the agencies continue to analyze the loss data in an effort to provide the industry with additional insights relating to operational-risk quantification. Proposed revisions to regulatory capital regime I have referred to certain parts of the Basel II framework in my remarks so far, mostly relating to operational risk and the AMA.
Now I would like to give a brief update on where we stand with implementing Basel II in the United States, as well as with amending the current Basel I regime.