The Office of the Comptroller of the Currency, Federal Reserve System and FDIC adopted amendments designed to simplify certain aspects of the capital rule for a banking organization that does not use advanced approaches in its capital framework.
Pursuant to the amendments, a banking organization that does not use advanced approaches in its capital framework will benefit from:
The amendments will go into effect on April 1, 2020.
Federal Reserve Board Governor Jerome Powell, Acting Comptroller of the Currency Keith A. Noreika, and FDIC Chair Martin Gruenberg testified at a hearing on "Regulation and Economic Growth" held by the Senate Committee on Banking, Housing, and Urban Affairs.
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