For immediate release

The Basle Committee on Banking Supervision (Basle Committee) recently issued for comment a paper entitled "Credit Risk Modeling: Current Practices and Applications." The paper describes the structure of various credit risk models used by commercial banks worldwide and identifies related supervisory issues pertaining to the use of such models as a basis for regulatory capital standards. Comment is requested by October 1, 1999. The Committee was established by the central bank Governors of the Group of Ten countries in 1975 and operates under the auspices of the Bank for International Settlements (BIS) in Basle, Switzerland. It consists of senior supervisory authorities representing the world's largest banking systems and works to strengthen bank supervisory and regulatory practices worldwide. The paper is available on the BIS Internet site.

1999 Banking and consumer regulatory policy