[...]The purpose of this article is to build on this earlier work, bythe Basel Committee and others, and to consider the issues thatwould have to be addressed in developing a regulatory minimumcapital standard based on banks’ internal credit risk models. Inconducting this exercise, we consider...

It is my pleasure to join President McDonough and our colleaguesfrom the Bank of Japan and the Bank of England inhosting this timely conference. Capital, of course, is a topicof never-ending importance to bankers and their counterparties,not to mention the regulators and central bankerswhose job...

For the past twenty years, Asia has been regarded as aneconomic success story. The recent economic turmoil in theregion, however, has prompted a reevaluation of the longtermsustainability of the dynamic economic performance.Undoubtedly, lessons will be drawn from the Asian experience—lessons...