In a speech on 'The Proposed U.S. Approach to Regulatory Capital: An Update', given on 13 November Roger Ferguson of the Federal Reserve said we do not expect to slacken the high standards expected of banks operating under the advanced approaches for Basel II. Ferguson concluded by saying it is evident that the fervent efforts among member countries to heed comments and to find solutions underscore our commitment to craft the best accord revisions possible, while maintaining a safe and sound