September 9, 2022

Banking Regulators Reiterate Commitment to Enhancing Regulatory Capital Requirements

The Federal Reserve Board ("FRB"), the FDIC and the OCC said that they will continue to work towards implementing enhanced regulatory capital requirements that align with the final set of "Basel III" standards.

In a joint release, the three regulators said that implementing updated standards is a priority. The final standards were issued by the Basel Committee on Banking Supervision in December 2017. The regulators said they plan to request public feedback on the new standards prior to implementation and are currently drafting a proposed rulemaking to move forward in the process. The regulators promised that the proposal would not affect community banking organizations, which are subject to alternative capital requirements.

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