... regulatory paradigm inits member countries.CP-2 changed the nature of the Basel II exercise. In place of the ap-proximately 60-page CP-1 and the 30-page Basel I was a package of over450 pages, ... liking. The result was a se-ries of ad hoc accommodations by the committee to a wide variety of de-mands for change. By releasing CP-1 and CP-2—two fundamentally in-complete proposals—the Basel ... regula-tory capital of rate shocks.ⅢRegulatory capital requirements for credit (including off-balance-sheet expo-sures), market, and operational risk; analysis of factors affecting capital ade-quacy;...