Effective date final OCC, FRB, FDIC rule amending regulatory capital rules

The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) have published [80 FR 41409] a final rule to clarify, correct, and update aspects of the regulatory capital framework applicable to certain large, internationally active banking organizations. The revisions correct technical and typographical errors and clarify certain requirements of the advanced approaches risk-based capital rule based on observations made by the agencies during the parallel run review process of advanced approaches banking organizations. The corrections also enhance consistency of the agencies' advanced approaches risk-based capital rule with relevant international standards. The rule, which amends regulations at 12 CFR Part 3 (OCC), 12 CFR Part 217 (FRB Regulation Q) and 12 CFR Part 324 (FDIC), will be effective October 1, 2015.