Fed's Bies expects Basel rules in 6-8 weeks

The Federal Reserve wants to hear from banks about their efforts to implement the Basel II capital agreement, Federal Reserve Governor Susan Schmidt Bies said on Wednesday 8 June.

The Fed has delayed implementation of the accord, but recognizes that "certain time pressures exist for institutions wishing to implement the new framework at the earliest possible date," Bies said in a speech to a conference in Boston.

Bies said the Fed wants to hear specifics about how Basel II may demand the

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