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Fed, OCC announce firms that will begin using advanced approaches capital framework
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Financial Stability
Tuesday, February 25, 2014
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The Federal Reserve and Office of the Comptroller of the Currency will permit certain big banks to begin using an additional approach to determine their risk-based capital requirements. Under the agencies’ “advanced approaches” capital framework, which implements the Basel III standards developed by the Basel Committee on Banking Supervision, firms must meet specific risk measurement and management criteria when calculating their risk-based capital requirements. The Fed also gave bank holding companies using the advanced approaches framework an additional year to incorporate those changes into their capital planning and stress testing cycles. Read on for the details.
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