The agencies will continue to carefully consider all comments received and thoroughly analyze all relevant information as we work to develop a final rule for Basel II. The agencies’ Basel II proposals contain certain transitional safeguards beyond what is contained in the 2004 Basel Committee framework.
Indeed, these proposed safeguards reflect our intent to ensure that there are no material weaknesses in our proposals prior to full operation. In the coming years, we will continue to monitor institutions’ progress toward satisfaction of the Basel II risk-measurement and management infrastructure standards.