July 23, 2018

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
News

FCA Publishes Its Business Plan for the Coming Year

FCA published its Business Plan, which sets out the main areas of focus and priorities for 2019/20.

May 17, 2019 WebPage Regulatory News
News

IASB Issues Work Plan and Meeting Updates for May 2019

IASB published an updated work plan, along with the update of its meeting in May 2019.

May 17, 2019 WebPage Regulatory News
News

CFTC Proposes to Amend Derivatives Clearing Organization Regulations

CFTC proposed amendments to certain regulations applicable to registered derivatives clearing organizations (DCOs) under Part 30 of the CFTC regulations.

May 16, 2019 WebPage Regulatory News
News

APRA Licenses Societe Generale As Foreign Deposit-Taking Institution

APRA granted Societe Generale a license to operate as a foreign authorized deposit-taking institution under the Banking Act of 1959.

May 16, 2019 WebPage Regulatory News
News

EBA Provides Updates on Its Work on Basel III Impact Assessment in EU

EBA is working to finalize the impact assessment on implementation of Basel III standards, in response to the EC call for advice, which was received on May 04, 2018.

May 16, 2019 WebPage Regulatory News
News

ISDA Publishes Two Consultations on Benchmark Fallbacks

ISDA published two consultations on benchmark fallbacks, the comment periods for which expire on July 12, 2019.

May 16, 2019 WebPage Regulatory News
News

Sam Woods of PRA Speaks About Style of Regulation in UK After Brexit

Sam Woods, Deputy Governor for Prudential Regulation and Chief Executive Officer of PRA, spoke at the UBS Financial Institutions Conference in Lausanne.

May 16, 2019 WebPage Regulatory News
News

FED Publishes Report Summarizing Regulatory and Supervisory Activities

FED published a report that summarizes banking conditions and the supervisory and regulatory activities of FED, in conjunction with semiannual testimony before Congress by the Vice Chairman for Supervision.

May 15, 2019 WebPage Regulatory News
News

US Agencies Propose to Amend Regulatory Framework for Foreign Banks

US Agencies (OCC, FED, and FDIC) proposed a regulatory framework for foreign banks operating in the U.S. that would more closely match the rules for foreign banks with the risks they pose to the U.S. financial system.

May 15, 2019 WebPage Regulatory News
News

ECB Consults on EONIA to €STR Legal Action Plan

ECB published a consultation, which was launched by the working group on euro risk-free rates, on recommendations to address the legal implications for new and legacy contracts referencing the euro overnight index average (EONIA), as a result of the proposed transition from EONIA to the euro short-term rate (€STR).

May 15, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3089