Proposed framework would be mandatory for large, internationally active banking organizations
Changes in rules do not alter underlying economic reality of transactions
Papers discuss credit risk assessments for loans; fair value option
Regulator encourages banks to begin disclosing information under Pillar 3
Changes reflect Base II
Mechanisms are in place to ensure that banks maintain a solid capital base
But banks’ capital ratios under Basel II will have less comparability than generally believed
Wellink succeeds Caruana
Canadian banks struggle with “legacy” systems
Comments due by June 23