OCC Issues Capital and Dividends Booklet of the Comptroller Handbook
OCC issued the “Capital and Dividends” booklet of the Comptroller’s Handbook. The revised booklet presents the regulatory capital framework and discusses the regulatory capital rules that define regulatory capital and establish minimum capital standards. The booklet also provides guidance to examiners for assessing banks’ capital adequacy and compliance with capital and dividend regulations.
The revised booklet reflects changes to the regulatory capital rule and reflects the integration of the Office of Thrift Supervision into OCC. It includes expanded examination procedures for capital, dividends, and capital adequacy, along with an internal control questionnaire and verification procedures. Additionally, the revised booklet incorporates the information in OCC Bulletin 2012-16, titled “Capital Planning: Guidance for Evaluating Capital Planning and Adequacy.” The revised booklet rescinds and replaces the “Capital Accounts and Dividends” booklet, which was issued in August 1991 (narrative) and March 1998 (procedures), along with the following:
- Examining Bulletin 1992-4, “Risk-Based Capital Guidance” (June 29, 1992)
- OCC Bulletin 2012-16, “Capital Planning: Guidance for Evaluating Capital Planning and Adequacy” (June 7, 2012)
- Office of Thrift Supervision Examination Handbook 110, “Capital Stock and Ownership” (December 2003)
- Office of Thrift Supervision Examination Handbook 120, “Capital Adequacy” (September 2010)
The Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCP Act), signed into law on May 24, 2018, requires the OCC, FDIC, and FED to make certain changes to the capital framework. The agencies are working jointly to amend their regulations to incorporate the Act’s changes. On July 06, 2018, the agencies issued the “Interagency Statement Regarding the Impact of the Economic Growth, Regulatory Relief, and Consumer Protection Act,” setting out the positions they will take while making regulatory changes.
Related Links
Keywords: Americas, US, Banking, Comptroller Handbook, Regulatory Capital Framework, EGRRCP Act, OCC
Related Articles
LEI ROC Confirmed as Governance Body for OTC Derivatives Identifiers
FSB confirmed the Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier System (GLEIS) as the International Governance Body for the globally harmonized identifiers used to track over-the-counter (OTC) derivatives transactions, with effect from October 01, 2020.
FCA Consults on Regulation of International Firms in UK
FCA is consulting on its approach to the authorization and supervision of international firms operating in UK.
EBA Launches Transparency Exercise for Banks in EU
EBA launched the seventh annual transparency exercise for banks in EU.
EBA Publishes Single Rulebook Q&A Updates in September 2020
The EBA Single Rulebook question and answer (Q&A) tool updates for this month include answers to 32 questions.
MAS Amends Notices on NSFR and Single Counterparty Credit Exposures
MAS published amendments to the Notice 652 on net stable funding ratio (NSFR), along with the related reporting template.
EC Publishes Action Plan for Capital Markets Union in EU
EC published the action plan to enhance the Capital Markets Union in EU over the coming years.
EC Proposes Frameworks for Crypto-Assets and Operational Resilience
EC adopted a package that includes the digital finance and retail payments strategies and the legislative proposals for regulatory frameworks on crypto-assets and digital operational resilience.
ECB Publishes Opinion on Proposals to Amend Securitization Framework
ECB published an opinion (CON/2020/22) on proposals for regulations amending the securitization framework of EU, in response to the COVID-19 pandemic.
APRA Updates Validation and Derivation Rules in September 2020
APRA updated the lists of the Direct to APRA (D2A) validation and derivation rules for authorized deposit-taking institutions, insurers, and superannuation entities.
MAS Amends Notice on Capital Adequacy Requirements of Banks
MAS published amendments to Notice 637 on the risk-based capital adequacy requirements for reporting banks incorporated in Singapore.
