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This represents a wonderful opportunity for the iTulip community to make an impact on the debate about Basil II. Please place a copy of your comment here before advancing them to the Federal Reserve, OCC and the FDIC. So come on everyone join in and add to the debate by showing how we can actively get involved in a truly meaningful manner.
Agencies Seek Comment on Market Risk and Basel II Advanced Approaches
http://www.federalreserve.gov/newsev.../20101215b.htm
Three federal bank regulatory agencies today announced they are seeking comment on a notice of proposed rulemaking that would revise the market risk capital rules for banking organizations with significant trading activity.
The proposed rule would implement changes approved by the Basel Committee on Banking Supervision to its market risk framework. The Federal Reserve, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) believe the proposed revisions would better capture positions for which the market risk capital rules are appropriate, reduce procyclicality in market risk capital requirements, enhance the rules’ sensitivity to risks that are not adequately captured by the current regulatory measurement methodologies, and increase market discipline through enhanced disclosures.
The Federal Reserve, OCC, and FDIC request comments on the notice within 90 days of its publication in the Federal Register, which is expected soon.
Separately, the Federal Reserve, the OCC, and the FDIC are seeking comment on a notice of proposed rulemaking that would amend the advanced approaches capital adequacy framework known as Basel II to be consistent with certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. More specifically, a banking organization operating under the advanced approaches standards would be required to meet, on an on-going basis, the higher of the generally applicable and the advanced approaches minimum risk-based capital standards.
The Federal Reserve, OCC, and FDIC request comments on this notice within 60 days of its publication in the Federal Register, which is expected soon.
Attachment (373 KB PDF)
Attachment2 (114 KB PDF)
2010 Banking and Consumer Regulatory Policy
Agencies Seek Comment on Market Risk and Basel II Advanced Approaches
http://www.federalreserve.gov/newsev.../20101215b.htm
Three federal bank regulatory agencies today announced they are seeking comment on a notice of proposed rulemaking that would revise the market risk capital rules for banking organizations with significant trading activity.
The proposed rule would implement changes approved by the Basel Committee on Banking Supervision to its market risk framework. The Federal Reserve, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) believe the proposed revisions would better capture positions for which the market risk capital rules are appropriate, reduce procyclicality in market risk capital requirements, enhance the rules’ sensitivity to risks that are not adequately captured by the current regulatory measurement methodologies, and increase market discipline through enhanced disclosures.
The Federal Reserve, OCC, and FDIC request comments on the notice within 90 days of its publication in the Federal Register, which is expected soon.
Separately, the Federal Reserve, the OCC, and the FDIC are seeking comment on a notice of proposed rulemaking that would amend the advanced approaches capital adequacy framework known as Basel II to be consistent with certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. More specifically, a banking organization operating under the advanced approaches standards would be required to meet, on an on-going basis, the higher of the generally applicable and the advanced approaches minimum risk-based capital standards.
The Federal Reserve, OCC, and FDIC request comments on this notice within 60 days of its publication in the Federal Register, which is expected soon.
Attachment (373 KB PDF)
Attachment2 (114 KB PDF)
2010 Banking and Consumer Regulatory Policy