The oversight body of the Basel Committee on Banking Supervision announced the much-anticipated minimum capital ratios and transition periods that will apply under the “Basel III” package of capital reforms that were approved in July 2010. With this release, the Committee remains on track to finalize the Basel III reform package in time for the G-20 summit in South Korea scheduled for November 2010, at which point the focus of Basel III activity will shift to the critical phase of national implementation.