risk-based

OCC Halts Publication of Fair Access Rule

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On January 28, the Office of the Comptroller of the Currency (OCC) announced that it would halt publication of its “fair access” rule, which would have prevented national banks from denying services to any individual customer unless justified by that customer’s documented failure to meet quantitative, impartial risk-based standards established by the bank. The rule, which was finalized by the OCC on January 14 and would have gone into effect on April 1, will be set aside for review by the next confirmed Comptroller of the Currency under the current administration. Release.

Fed Proposed Basel III Rules

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On June 7, the Fed issued three notices of proposed rulemakings revising: (i) risk-based and leverage capital requirements; (ii) general risk-based capital requirements for determining risk-weighted assets; and (iii) the advanced approaches risk-based capital rule, each of which incorporate certain aspects of Basel III. The proposed rules are to be issued jointly with the FDIC and OCC, which are expected to issue the rules next week. Comments to the proposed rules must be submitted by September 7. Fed Memo. Fed Proposed Rule Risked-based and Leverage Capital Requirements. Fed Proposed Rule Standardized Approach. Fed Proposed Rule Advanced Approaches.