Three federal bank regulatory agencies announced they are seeking comment on a notice of proposed rulemaking that would revise the market risk capital rules for banking organizations with significant trading activity. The proposed rule would implement changes approved by the Basel Committee on Banking Supervision to its market risk framework. Separately, the Federal Reserve, the OCC, and the FDIC are seeking comment on a notice of proposed rulemaking that would amend the advanced approaches capital adequacy framework known as Basel II to be consistent with certain provisions of Dodd-Frank, and require a banking organization operating under the advanced approaches standards to meet, on an ongoing basis, the higher of the generally applicable and the advanced approaches to minimum risk-based capital standards. Visit our Regulatory Reform webpage at http://www.mofo.com/resources/regulatory-reform/#basel.