On August 8th, federal banking regulators extended to October 22, 2012, the period in which comments may be submitted on three notices of proposed rulemaking that would revise and replace the agencies' current capital rules. The three proposals concern the Basel III regulatory capital reforms, which would strengthen minimum requirements for the level and quality of financial institutions' capital; propose changes to the agencies' Advanced Approaches capital regulation to reflect other aspects of Basel III and would apply the agencies' Market Risk capital regulations to thrift institutions and thrift holding companies; and propose changes to the calculation of risk-weighted assets that address issues identified in the financial crisis, and removes reliance on credit ratings consistent with the Dodd-Frank Act. See, e.g., FDIC Press Release.
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Agencies extend comment period for capital proposals
- Winston & Strawn LLP
- August 13 2012
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