New Basel Capital Accord

United Kingdom

The Basel Committee on Banking Supervision have now issued the latest proposal for a New Basel Capital Accord that once finished, will replace the current 1988 Accord.

It is expected that after the consultation period has ended (31 May 2001), the new Accord will be published around the end of 2001 and implemented in 2004.

The full text of the proposals can be viewed on the website of the Bank for International Settlements at: http://www.bis.org/publ/bcbsca.htm