US regulatory capital

Basel III final rules

On July 2, 2013, the Federal Reserve (Fed), Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) released Regulatory Capital Rules: Regulatory Capital, Implementation of Basel III, Capital Adequacy, Transition Provisions, Prompt Corrective Action, Standardized Approach for Risk-weighted Assets, Market Discipline and Disclosure Requirements, Advanced Approaches Risk-Based Capital Rule, and Market Risk Capital Rule.

The Fed and OCC are adopting Basel III as a final rule. The FDIC is adopting it as an interim final rule until the supplementary leverage ratio notice of proposed rulemaking (NPR) is finalized.

Highlights and observations

This paper offers a summary of and observations about the rules, noting that advanced banks continue to feel the pressure, while smaller banks are likely to be feeling some relief.

It also:

  • Presents some key takeaways about changes in the final rule
  • Notes implementation timelines
  • Offers a view of what’s next for banks
  • Provides highlights about the capital numerator, capital buffers and leverage ratios, risk-weighted assets standardized and advanced approaches rules
  • Outlines highlights of the supplementary leverage ratio and market risk NPRs

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