As discussed in the July 1, 2008 Alert, the FRB and FDIC published a proposed Basel II “Standardized” Risk Capital Proposal for Non-Core Banks. Late last week the OCC and OTS adopted an identical version of the proposal. The proposal is expected to be published shortly as an interagency notice of proposed rulemaking in the Federal Register. Comments will be due within 90 days of the publication of the proposal in the Federal Register.
Alert July 08, 2008