Comptroller of Currency, Fed, and FDIC Issues Final Regulatory Capital Rules
Targeted News Service |
Regulatory Capital Rules:
A Rule by the Comptroller of the Currency, the
Publication Date:
Agencies:
Dates: The final rule is effective
Effective Date:
Entry Type: Rule
Action: Final rule.
Document Citation: 79 FR 57725
Page: 57725 -57751 (27 pages)
CFR: 12 CFR 217
12 CFR 324
12 CFR 3
Agency/Docket Numbers: Docket ID OCC-2014-0008
Regulation Q Docket No. R-1487
RIN: 1557-AD81
3064-AE12
7100-AD16
Document Number: 2014-22083
Shorter URL: https://federalregister.gov/a/2014-22083
Action
Final Rule.
Summary
In
The final rule revises total leverage exposure as defined in the 2013 revised capital rule to include the effective notional principal amount of credit derivatives and other similar instruments through which a banking organization provides credit protection (sold credit protection); modifies the calculation of total leverage exposure for derivative and repo-style transactions; and revises the credit conversion factors applied to certain off-balance sheet exposures. The final rule also changes the frequency with which certain components of the supplementary leverage ratio are calculated and establishes the public disclosure requirements of certain items associated with the supplementary leverage ratio.
The final rule applies to all banks, savings associations, bank holding companies, and savings and loan holding companies (banking organizations) that are subject to the agencies' advanced approaches risk-based capital rules, as defined in the 2013 revised capital rule (advanced approaches banking organizations), including advanced approaches banking organizations that are subject to the enhanced supplementary leverage ratio standards that the agencies finalized in
DATES:
The final rule is effective
FOR FURTHER INFORMATION CONTACT:
OCC:
Board:
SUPPLEMENTARY INFORMATION:
I. Background
On
As discussed further below, the agencies are adopting the proposed rule as final (final rule) with certain revisions and clarifications based on comments received on the proposed rule. In addition, the agencies are revising the calculation of total leverage exposure to provide that the on-balance sheet portion of total leverage exposure will be calculated as the average of each day of the reporting quarter, but the off-balance sheet portion of total leverage exposure will be calculated as the average of the three month-end amounts of the most recent three months. Consistent with the 2013 revised capital rule, advanced approaches banking organizations will be required to disclose their supplementary leverage ratios beginning
[*Federal RegisterVJ 2014-09-26]
For more information about
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Wordcount: | 1269 |
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