Summary: | The FDIC has issued the attached interim final rule that revises the existing capital rules to incorporate certain revisions to the Basel capital framework, including Basel III and other elements. The interim final rule strengthens the definition of regulatory capital, increases risk-based capital requirements, and makes selected changes to the calculation of risk-weighted assets. The interim final rule contains regulatory text that is identical to the common rule text adopted as a final rule by the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency. Statement of Applicability to Institutions with Total Assets Under $1 Billion: This Financial Institution Letter (FIL) is applicable to all banks. Attached to this FIL is a summary of the interim final rule for smaller, less complex community banking organizations. An informational video and an expanded summary on the interim final rule can be found on the FDIC’s Web site at www.fdic.gov/regulations/capital. |
Highlights:
Distribution: Suggested Routing: Note: |
Additional Related Topics:
- Risk-Based Capital Rules, 12 CFR Part 325, Basel III
FIL-31-2013