Susan Schmidt Bies: Basel II implementation and revisions to Basel I Testimony of Ms Susan Schmidt Bies, Member of the Board of Governors of the US Federal Reserve System, before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington DC 10 November 2005.
*  *  *  Chairman Shelby, Senator Sarbanes, and members of the Committee on Banking, Housing, and Urban Affairs, I thank you for the opportunity to join my colleagues from the other federal banking agencies to discuss the current status of Basel II in this country, as well as the status of proposed amendments to our existing Basel I-based capital rules.