FDIC Publishes Basel III and Capital Requirement Rules (Fed. Reg.)

The FDIC published interim final rules regarding the implementation of Basel III and other capital requirements in the Federal RegisterComments are due November 12, 2013.  This interim final rule is substantially identical to a joint final rule issued by the Office of the Comptroller of the Currency (“OCC”) and the Board of Governors of the Federal Reserve System (“FRB”).  The interim final rule consolidates three separate notices of proposed rulemaking that the agencies had published jointly in the Federal Register on August 30, 2012, albeit with some changes.

See: 78 FR 55339.
See also: FDIC and OCC Adopt Rules Regarding the Implementation of Basel III Capital Requirements (July 10, 2013); Delta Strategy Group: Summary of New Basel Capital Proposals (July 3, 2013).