September 2022

REGULATORY DEVELOPMENTS

Banking Regulators Reaffirm Commitment to Basel III Standards

On September 9 the US banking regulators issued press releases reaffirming their intent to implement enhanced regulatory capital requirements that align with the final set of “Basel III” standards issued by the Basel Committee on Banking Supervision in December 2017 (OCC, FRB, and FDIC). The press releases indicated that the agencies are currently working on a joint proposed rule to be released “as soon as possible.”

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