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TREAS/OCC

RIN: 1557-AC91

Publication ID: Fall 2007

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 framework for the Basel Capital Accord (Basel II). OCC is conducting this rulemaking jointly with the other Federal Banking Agencies. In addition, the Federal Banking Agencies also have published for comment additional proposed Basel II Guidance. See 72 FR 9084 (February 28, 2007).
Agency: Department of the Treasury(TREAS)	Priority: Economically Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: Yes	Unfunded Mandates: Private Sector
CFR Citation: 12 CFR 3
Legal Authority: 12 USC 93a 12 USC 3907 12 USC 3909

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" 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 and 3909. 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: Please see the OCC's regulatory impact analysis, which can be found in its entirety at http://www.occ.treas.gov/law/basel.htm under the link of "Regulatory Impact Analysis for Risk-Based Capital Standards: Revised Capital Adequacy Guidelines (Basel II), Office of the Comptroller of the Currency, International and Economic Affairs (2006)."

Anticipated Costs and Benefits: Not yet determined.

Risks: Not yet determined.

Timetable:

Action	Date	FR Cite
ANPRM	08/04/2003	68 FR 45900
NPRM	09/25/2006	71 FR 55830
NPRM Comment Period End	01/23/2007
NPRM Comment Period Extended From 01/23/2007 to 03/26/2007	12/26/2006	71 FR 77518
Final Action	12/00/2007

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: Yes
RIN Data Printed in the FR: No
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