* [Reproduced from the text provided by the Bank for International Settlements. The Committee's 1988 Consultative Paper on the International Convergence of Capital Measurement and Capital Standards appears at 30 I.L.M. 967 (1991). The Report on capital adequacy for securities firms, by the Technical Committee of the International Organization of Securities Commissions, is reproduced at 30 I.L.M. 1018 (1991). An Introductory Note regarding all three documents appears at 30 I.L.M. 967 (1991).]
1 International convergence of capital measurement and capital standards.
2 The Basie Committee on Banking Supervision comprises representatives of the central banks and supervisory authorities of the Group of Ten countries (Belgium, Canada France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom, the United States) and Luxembourg.
3 These limits are subject to certain concessions in the transitional period up to end-1992.
4 This Directive, whose full title is “Council Directive of 8th December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions”, must be implemented in national legislation by 1st January 1993.
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