Alert September 04, 2012

Federal Banking Agencies Publish Proposed Revised Regulatory Capital Rules and Final Market Risk Capital Rules in Federal Register

The OCC, FRB and FDIC (the “Agencies”) are seeking public comment on three notices of proposed rulemaking (“NPRs”) that would revise and replace the Agencies’ regulatory capital rules and that were discussed in the June 12, 2012 Financial Services Alert.  The NPRs were published in the August 30, 2012 edition of the Federal Register and comments are due by October 22, 2012.

The Agencies also published their final market risk capital rules (the “Final Rules”) in the August 30, 2012 edition of the Federal Register.  The Final Rules were also discussed in the June 12, 2012 Financial Services Alert.  The Final Rules become effective on January 1, 2013.