Comments on: Total Victory for US Fed on Basel II http://ozrisk.net/2007/07/23/total-victory-for-us-fed-on-basel-ii/ Risk Management in Australia Wed, 30 Nov 2011 12:41:58 +0000 hourly 1 http://wordpress.com/ By: Andrew http://ozrisk.net/2007/07/23/total-victory-for-us-fed-on-basel-ii/#comment-26219 Thu, 03 Apr 2008 22:23:14 +0000 http://ozrisk.wordpress.com/2007/07/23/total-victory-for-us-fed-on-basel-ii/#comment-26219 Hridesh,
The Fed seems to have left this list a bit fluid – and probably deliberately. If you look here though, you can calculate the list. Based on the 250bn / 10bn test they would be:
JPMORGAN CHASE & CO
BANK OF AMER CORP
CITIGROUP
WACHOVIA CORP
WELLS FARGO & CO
BANK OF NY MELLON CORP
STATE STREET CORP
NORTHERN TR CORP
BANK OF AMER CORP
HSBC NORTH AMER HOLD (foreign owned anyway)

which is only 10. The rest will be open to interpretation.

]]> By: Hridesh http://ozrisk.net/2007/07/23/total-victory-for-us-fed-on-basel-ii/#comment-26218 Thu, 03 Apr 2008 07:58:02 +0000 http://ozrisk.wordpress.com/2007/07/23/total-victory-for-us-fed-on-basel-ii/#comment-26218 Hi Andrew, the final rules qualify the “core banks” as eligible for implementation of the advanced approaches. Also there will be some opt-in banks allowed to implement the advanced approaches. The list they say is about 20 banks.

Is there any place I can get my hands on this list of “core banks” and the opt-in banks, effectively the list of 20 banks.

Thanks in advance.

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