Similarly, a bank will need approval to move to each of the other two floor levels. After the third floor period, a bank will be allowed to move to the full Basel II minimum capital calculation without floors upon a finding by the primary supervisor that it is ready, following a rigorous qualification process.
Proposed amendments to Basel I Before I end my remarks about regulatory capital, I would like to offer some thoughts about ongoing efforts to revise existing regulatory capital rules, known as Basel I. First of all, we expect only one or two dozen banks to move to Basel II in the near term.