On June 14th, the FDIC, Federal Reserve Board and OCC adopted a final rule establishing a floor for the risk-based capital requirements applicable to the largest, internationally active banking organizations as required by the Dodd-Frank Act. A banking organization operating under the agencies' advanced approaches risk-based capital rules is required to meet the higher of the minimum requirements under the general risk-based capital rules and the minimum requirements under the advanced approaches risk-based capital rules. The rule also provides limited flexibility to establish appropriate capital requirements for certain low-risk exposures that, in general, are not held by insured depository institutions, but may be held by depository institution holding companies or nonbank financial companies supervised by the Federal Reserve Board. The final rule will be effective 30 days after publication in the Federal Register, which is expected soon. Joint Press Release.