It is specifically stated that the own capital supply in 2007 must represent at least 95 % (in 2008 at least 90 % and in 2009 at least 80 %) of the minimum capital requirements that the institution would have to reserve when implementing Basel I. This burdensome obligation is not justified, as the complete Basel I data and calculation machinery would have to run for another three years – in parallel with the new data collection – and possibly even longer.
It is specifically stated that the own capital supply in 2007 must represent at least 95 % (in 2008 at least 90 % and in 2009 at least 80 %) of the minimum capital requirements that the institution would have to reserve when implementing Basel I. This burdensome obligation is not justified, as the complete Basel I data and calculation machinery would have to run for another three years – in parallel with the new data collection – and possibly even longer.