Fed's Bies on capital and risk management

In the speech 'Capital and risk management' given on 26 May, Susan Schmidt Bies of the Federal Reserve said she sees no reason to replace Basel I for the vast majority of banks in the United States.

"Effective risk management and risk-based capital levels must be consistent with the scope and complexity of risk taking in individual organizations. And making appropriate amendments to update the 1988 Accord, as we have been doing periodically over the years, will make the current framework

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