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December 07, 2017

US Agencies (FDIC, FED, and OCC) announced their support for the conclusion of efforts to reform the international bank capital standards, which were initiated in response to the global financial crisis. The Governors and Heads of Supervision and BCBS announced the finalization of the reforms to the Basel III agreement on bank capital standards. With this agreement, the Basel Committee will bring to conclusion the international reforms initiated in response to the global financial crisis.

The Basel III agreement, which was designed for internationally active banks, was introduced in 2010 and was instrumental in establishing revised minimum standards that increased both the quality and quantity of regulatory capital. The finalized reforms are intended to improve risk-sensitivity, reduce regulatory capital variability, and level the playing field among internationally active banks. The agencies will consider how to appropriately apply these revisions to the Basel III reform package in the United States. Any proposed changes based on this agreement will be made through the standard notice-and-comment rulemaking process.

 

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Keywords: International, Banking, Basel III, Final Basel III Reforms, Capital Framework, FSB

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