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Basel II
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=== July 2008 update === On July 16, 2008 the federal banking and thrift agencies (the board of governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision) issued a final guidance outlining the supervisory review process for the banking institutions that are implementing the new advanced capital adequacy framework (known as Basel II). The final guidance, relating to the supervisory review, is aimed at helping banking institutions meet certain qualification requirements in the advanced approaches rule, which took effect on April 1, 2008.<ref>{{cite web|url=http://www.occ.gov/news-issuances/news-releases/2008/nr-ia-2008-81.html|title=OCC: Agencies Issue Final Guidance on Supervisory Review Process (Pillar 2) Related to Implementation of Basel II Advanced Approaches|work=occ.gov|date=2008-07-15}}</ref>
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