[Federal Register Volume 79, Number 10 (Wednesday, January 15, 2014)]
[Proposed Rules]
[Pages 2758-2759]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: R1-2013-29649]
[[Page 2757]]
Vol. 79
Wednesday,
No. 10
January 15, 2014
Part II
Federal Deposit Insurance Corporation
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Semiannual Regulatory Agenda; Republication
Federal Register / Vol. 79 , No. 10 / Wednesday, January 15, 2014 /
Unified Agenda
[[Page 2758]]
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FEDERAL DEPOSIT INSURANCE CORPORATION
12 CFR Ch. III
Semiannual Agenda of Regulations; Republication
Editorial Note: FR Doc. 2013-29649 originally published on pages
1281-1287 in the issue of Tuesday, January 7, 2014. Due to numerous
errors, the preamble is being reprinted in its entirety.
AGENCY: Federal Deposit Insurance Corporation.
ACTION: Semiannual regulatory agenda.
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SUMMARY: The Federal Deposit Insurance Corporation (``FDIC'') is hereby
publishing items for the fall 2013 Unified Agenda of Federal Regulatory
and Deregulatory Actions. The agenda contains information about FDIC's
current and projected rulemakings, existing regulations under review,
and completed rulemakings.
FOR FURTHER INFORMATION CONTACT: Robert E. Feldman, Executive
Secretary, Federal Deposit Insurance Corporation, 550 17th Street NW.,
Washington, DC 20429.
SUPPLEMENTARY INFORMATION: Twice each year, the FDIC publishes an
agenda of regulations to inform the public of its regulatory actions
and to enhance public participation in the rulemaking process.
Publication of the agenda is in accordance with the Regulatory
Flexibility Act (5 U.S.C. 601 et seq.). The FDIC amends its regulations
under the general rulemaking authority prescribed in section 9 of the
Federal Deposit Insurance Act (12 U.S.C. 1819) and under specific
authority granted by the Act and other statutes.
Final Rules
Regulatory Capital Rules: Regulatory Capital, Implementation of Basel
III Capital Adequacy, Transition Provisions, Prompt Corrective Action,
Standardize Approach for Risk-Weighted Assets, Market Discipline and
Disclosure Requirements, Advanced Approaches Risk-Based Capital Rule,
and Market Risk Capital Rule (3064-AD95)
The Federal Deposit Insurance Corporation (``FDIC'') is adopting an
interim final rule that revises its risk-based and leverage capital
requirements for FDIC-supervised institutions. This interim final rule
is substantially identical to a joint final rule issued by the Office
of the Comptroller of the Currency and the Board of Governors of the
Federal Reserve System (together, with the FDIC, ``the agencies''). The
interim final rule consolidates three separate notices of proposed
rulemaking that the agencies jointly published in the Federal Register
on August 30, 2012, with selected changes. The interim final rule
implements a revised definition of regulatory capital, a new common
equity tier 1 minimum capital requirement, higher minimum tier 1
capital requirement, and, for FDIC-supervised institutions subject to
the advanced approaches risk-based capital rules, a supplementary
leverage ratio that incorporates a broader set of exposures in the
denominator. The interim final rule incorporates these new requirements
into the FDIC's prompt corrective action framework. In addition, the
interim final rule establishes limits on FDIC-supervised institutions'
capital distributions and certain discretionary bonus payments if the
FDIC-supervised institution does not hold a specified amount of common
equity tier 1 capital in addition to the amount necessary to meet its
minimum risk-based capital requirements. The interim final rule amends
the methodologies for determining risk-weighted assets for all FDIC-
supervised institutions. The interim final rule also adopts changes to
the FDIC's regulatory capital requirements that meet the requirements
of section 171 and section 939A of the Dodd-Frank Wall Street Reform
and Consumer Protection Act. The interim final rule also codifies the
FDIC's regulatory capital rules, which have previously resided in
various appendices to their respective regulations, into a harmonized
integrated regulatory framework.
Completed Actions
Recordkeeping Rules for Institutions Operating Under the Exceptions or
Exemptions for Banks From the Definitions of ``Broker'' or ``Dealer''
in the Securities Exchange Act of 1934 (3064-AD80)
This RIN has been withdrawn for further interagency action.
Regulatory Capital Rules (Part III): Standardized Approach for Risk-
Weighted Assets; Market Discipline and Disclosure Requirements (3064-
AD96)
On August 30, 2012, the FDIC, together with the Board of Governors
of the Federal Reserve System and Office of the Comptroller of the
Currency (together, ``the agencies'') published in the Federal Register
a joint notice of proposed rulemaking, titled, Regulatory Capital
Rules: Standardized Approach for Risk-Weighted Assets; Market
Discipline and Disclosure Requirements'' (Standardized Approach NPR or
Proposed Rule). The Rule revised and harmonized the agencies' rules for
calculating risk weighted assets to enhance risk sensitivity and
address weaknesses identified over recent years, including by
incorporating certain international capital standards of the Basel
Committee on Banking Supervision (``BCBS'') set forth in the
standardized approach of the international accord titled,
``International Convergency of Capital Measurement and Capital
Standards: A Revised Framework'', as revised by the BCBS in 2006 and
2009, as well as other proposals set forth in consultative papers of
the BCBS. Section 3(a) of the Regulatory Flexibility Act directs all
federal agencies to publish an initial regulatory flexibility analysis,
or a summary thereof, describing the impact of a proposed rule on small
entities anytime an agency is required to publish a notice of proposed
rulemaking in the Federal Register. This Rule has now been merged into
3064-AD95: Regulatory Capital Rules: Regulatory Capital, Implementation
of Basel III Capital Adequacy, Transition Provisions, Prompt Corrective
Action, Standardize Approach for Risk-Weighted Assets, Market
Discipline and Disclosure Requirements, Advanced Approaches Risk-Based
Capital Rule, and Market Risk Capital Rule.
Regulatory Capital Rules: Advanced Approaches Risk-Based Capital Rules;
Market Risk Capital Rule (3064-AD97)
The Office of the Comptroller of the Currency, the Board of
Governors of the Federal Reserve System, and the Federal Deposit
Insurance Corporation (collectively, the ``Agencies'') are seeking
comment on three notices of proposed rulemaking (``NPRMs'') that would
revise and replace the Agencies' current capital rules. In the NPRM
(Advanced Approaches and Market Risk NPR) the Agencies are proposing to
revise the advanced approaches risk-based capital rule to incorporate
certain aspects of ``Basel III: A Global Regulatory Framework for More
Resilient Banks and Banking Systems'' that the agencies would apply
only to advanced approach banking organizations. The NPRM also proposes
other changes to the advanced approaches rule that the agencies believe
are consistent with changes by the Basel Committee on Banking
Supervision (``BCBS'') to its ``International Convergence of Capital
Measurement and Capital Standards: A Revised Framework'' (Basel II), as
revised by the BCBS between 2006 and 2009, and recent consultative
papers published by the BCBS. The Agencies
[[Page 2759]]
also propose to revise the advanced approaches risk-based capital rule
to be consistent with Dodd-Frank Wall Street Reform and Consumer
Protection Act of 2010 (the ``Dodd-Frank Act''). These revisions
include replacing reference to credit ratings with alternative
standards of creditworthiness consistent with section 939A of the Dodd-
Frank Act. This Rule has now been merged into 3064-AD95: Regulatory
Capital Rules: Regulatory Capital, Implementation of Basel III Capital
Adequacy, Transition Provisions, Prompt Corrective Action, Standardize
Approach for Risk-Weighted Assets, Market Discipline and Disclosure
Requirements, Advanced Approaches Risk-Based Capital Rule, and Market
Risk Capital Rule.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2013-29649 Filed 1-6-14; 8:45 a.m.]
Editorial Note: FR Doc. 2013-29649 originally published on pages
1281-1287 in the issue of Tuesday, January 7, 2014. Due to numerous
errors, the preamble is being reprinted in its entirety.
[FR Doc. R1-2013-29649 Filed 1-14-14; 8:45 am]
BILLING CODE 1505-01-D