As most of you know, the plans for U.S. implementation include a year of parallel run--a period in which minimum regulatory capital measures for Basel II will be calculated parallel to the existing Basel I measures--as well as three years of transitional floors.
4  BIS Review 90/2009  The Bank of Italy’s new rules on the transparency of banking and financial services represent a thorough overhaul with respect to the past. Customers must be provided with information that is easy to understand and effectively useful for determining whether the transactions proposed are in their interest and for assessing the correctness of the person making the proposal.