The Office of the Comptroller of the Currency (“OCC”) and the Board of Governors of the Federal Reserve System (“FRB”) published a final rule in the Federal Register that revises their risk-based and leverage capital requirements for banking organizations. The final rule implements a revised definition of regulatory capital, a new common equity tier 1 minimum capital requirement, a higher minimum tier 1 capital requirement, and, for banking organizations subject to the advanced approaches risk-based capital rule, a supplementary leverage ratio that incorporates a broader set of exposures in the denominator.
See: 78 FR 62018.
Related news: FRB Issues Two Interim Final Rules Regarding Basel III Regulatory Capital Reforms Incorporation (September 25, 2013).