View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
FDIC RIN: 3064-AD62 Publication ID: Spring 2011 
Title: Alternatives to the Use of Credit Ratings in the Risk-Based Capital Guidelines of the Federal Banking Agencies  
Abstract: The Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act), enacted on July 21, 2010, requires Federal agencies to review their regulations that (1) require an assessment of the credit-worthiness of a security or money market instrument and (2) contain references to or requirements regarding credit ratings. In addition, the agencies are required to remove such requirements that refer to or rely upon credit ratings, and to substitute in their place uniform standards of credit-worthiness. The ANPRM seeks comment on alternative standards of credit-worthiness that may be used for risk-based capital requirements. 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Economically Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 12 CFR 325   
Legal Authority: Not Yet Determined   
Legal Deadline:  None
Timetable:
Action Date FR Cite
ANPRM  08/25/2010  75 FR 52283   
ANPRM Comment Period End  10/25/2010    
Final Rule  06/00/2011    
Additional Information: Email comment to: Comments@FDIC.gov. Include RIN number on the subject line of the message.
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest.
RIN Information URL: www.FDIC.gov/regulations/laws/federal/notices.html  
RIN Data Printed in the FR: Yes 
Related Agencies: Joint: TREAS/OCC, TREAS/OTS, FRS; 
Agency Contact:
Bobby R. Bean
Associate Director
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-6705
Email: bbean@fdic.gov

Mark Handzlik
Counsel
Federal Deposit Insurance Corporation
550 17th Street NW.,
Washington, DC 20429
Phone:202 898-3900
Email: mhandzlik@fdic.gov

Michael Phillips
Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-3581
Email: mphillips@fdic.gov