Proposed Treatment of Expected and Unexpected Losses Under the New Basel Capital Accord

Joint Release

Board of Governors of the Federal Reserve System
Office of the Comptroller of the Currency
Federal Deposit Insurance Corporation
Office of Thrift Supervision

The federal bank and thrift agencies on Thursday issued the attached statement regarding the Basel Committee on Banking Supervision's request for comment on a modification to its proposed international capital standards.

The modification deals with the treatment of expected and unexpected losses. The Basel Committee will accept comments from all interested parties until December 31, 2003.

Related Link

• Proposed Treatment of Expected and Unexpected Losses (PDF)