On December 18, 2014, the OCC, the Board of Governors of the Federal Reserve Board (“Federal Reserve Board”), and the FDIC proposed adjustments to update certain provisions of the revised regulatory capital rule adopted in October 2013. The proposed revisions only apply to banking organizations subject to the advanced approaches risk-based capital framework. The proposed revisions clarify some aspects of the qualification requirements for advanced approaches systems and better conform the advanced approaches subpart of the revised regulatory capital rule to the Basel framework.

The proposed rulemaking is available at:

http://www.occ.gov/news-issuances/bulletins/2014/bulletin-2014-62a.pdf