Standard & Poor's official response to the Basel Committee's proposal

The following text is Standard & Poor's official response to the Basel Committee's proposal, which was presented to the regulators in December 1999. Standard & Poor’s welcomes the opportunity to respond to the committee’s proposal. The risk adjustment of capital, introduced in a simplified format in the 1988 Basel accord, was adopted by most of the world’s bank regulatory regimes. The current proposal could meaningfully advance this process, a development that Standard & Poor’s strongly supports.