Comments due on capital rule simplification proposal
The OCC, FRB, and the FDIC have published a proposed rule that would simplify certain aspects of the agencies' capital rule at 12 CFR Parts 3, 217 and 324. The majority of the proposed simplifications would apply solely to banking organizations that are not subject to the advanced approaches capital rule (the advanced approaches capital rule generally applies to banks that are part of banking organizations with $250 billion or more in total consolidated assets or $10 billion or more in total consolidated foreign financial exposure). Bulletin 2017-47 has been issued by the OCC regarding the proposal. Comments are due by December 26, 2017.
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