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TREAS/OCC

RIN: 1557-AC91

Publication ID: Fall 2005

Title: Implementation of a Revised Basel Capital Accord (Basel II)
Abstract: As part of OCC's ongoing efforts to develop and refine capital standards to ensure the safety and soundness of the national banking system and to implement statutory requirements, OCC is amending various provisions of the capital rules for national banks. This change involves the implementation of the new Basel Capital Accord (Basel II). OCC is conducting this rulemaking jointly with the other Federal banking agencies.
Agency: Department of the Treasury(TREAS)	Priority: Economically Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: Undetermined	Unfunded Mandates: No
CFR Citation: 12 CFR 3
Legal Authority: 12 USC 93a 12 USC 3907

Legal Deadline: None

Statement of Need: This rulemaking is necessary to implement an international initiative regarding the capital adequacy regulation of certain domestic financial institutions. Specifically, this rulemaking implements the "International Convergence of Capital Measurement and Capital Standards" (Basel II), which comprehensively revises the 1988 "International Convergence of Capital Measurement and Capital Standards." This rulemaking will translate the lengthy and complicated text of Basel II into the standards and requirements that will govern the largest banks in the United States.

Summary of the Legal Basis: OCC is implementing the Basel II capital framework for certain domestic financial institutions. This initiative is based on the OCCs general rulemaking authority in 12 U.S.C. 93a and its specific authority under 12 U.S.C. 3907. 12 U.S.C. 3907(a)(2) specifically authorizes OCC to establish minimum capital levels for financial institutions that OCC, in its discretion, deems necessary or appropriate.

Alternatives: Not yet determined.

Anticipated Costs and Benefits: Not yet determined.

Risks: Not yet determined.

Timetable:

Action	Date	FR Cite
ANPRM	08/04/2003	68 FR 45900
NPRM	02/00/2006

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: Yes
Related RINs: Split from 1557-AB14
Agency Contact: Ron Shimabukuro Senior Counsel Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-6282 Email: ron.shimabukuro@occ.treas.gov