FRB and OCC Permit Wells Fargo to Use Advanced Approaches Framework

The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency announced that they would permit Wells Fargo and its subsidiary national banks to use the "advanced approaches" capital framework beginning in the second quarter of 2015. Under the framework, firms must meet specific risk-measurement and risk-management criteria when calculating their risk-based capital requirements.

See: FRB Press Release.