Editing Basel II (section)

=== November 2007 update ===
On November 1, 2007, the [[Office of the Comptroller of the Currency]] ([[U.S. Department of the Treasury]]) approved a final rule implementing the advanced approaches of the Basel II Capital Accord. This rule establishes regulatory and supervisory expectations for credit risk, through the Internal Ratings Based Approach (IRB), and operational risk, through the Advanced Measurement Approach (AMA), and articulates enhanced standards for the supervisory review of capital adequacy and public disclosures for the largest U.S. banks.<ref name=OCC />