A proposal by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the FDIC to simplify capital rules was published in the Federal Register.
As previously covered, the proposed rulemaking would simplify capital rules for banking organizations that are not subject to the "advanced approaches capital rule." In particular, this would apply to community banks.
If the new rules are adopted, the transitional capital treatment rules would cease to be effective.
Comments on the proposal must be submitted by December 26, 2017.
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