Requests for Comment on the Proposed Implementation of the New Basel Capital Accord - District Notice

Occ, Board Of Governors, Fdic, Ots

Informations

• Publié par: Erdau
• Nombre de lectures: 26
• Langue: English

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Federal Reserve Bank of Dallas
2200 N. PEARL ST.
DALLAS, TX 75201-2272
August 18, 2003
Notice 03-43
TO: The Chief Executive Officer of each
financial institution and others concerned
in the Eleventh Federal Reserve District
SUBJECT
Requests for Comment on the Proposed Implementation
of the New Basel Capital Accord
DETAILS
The four federal bank and thrift regulatory agencies have requested comment on two
interagency documents related to the proposed implementation of the new Basel Capital Accord
in the United States. Earlier this month, the agencies approved issuance of the two documents for
public comment.
The new Accord, which is being developed by the Basel Committee on Banking
Supervision, builds on and, for certain banks, would replace the Basel Capital Accord of 1988,
which is the framework for capital adequacy standards for large, internationally active banks and
the basis for the risk-based capital adequacy standards now in place for all U.S. banks and bank
holding companies.
The first document, an Advance Notice of Proposed Rulemaking, sets forth for public
comment the agencies’ current views on a proposed framework for implementing the revised
Capital Accord in the United States. Under the proposal, internationally active banks meeting
certain criteria would be subject to the advanced internal ratings-based approach for credit risk
and the advanced measurement approaches (AMA) for operational risk.
The second document contains two sections. The first section sets forth draft
supervisory guidance on internal ratings-based systems for corporate credits, and the second
describes draft supervisory expectations for operational risk management.
For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal
Reserve Bank of Dallas: Dallas Office [phone]; El Paso Branch Intrastate [phone], Interstate [phone];
Houston Branch Intrastate [phone], Interstate [phone]; San Antonio Branch Intrastate [phone].- 2 -
The Board must receive comments by November 3, 2003. Please address comments
to Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th Street
and Constitution Avenue, N.W., Washington, DC 20551. However, because paper mail in the
Washington area and at the Board is subject to delay, please consider submitting your comments
electronically to [e-mail].
All comments regarding the proposed framework for implementing the revised
Capital Accord should refer to Docket No. R–1154. All comments regarding the internal ratings-
based systems for corporate credits and the draft supervisory expectations for operational risk
management should refer to Docket No. OP–1153.
AT TACHMENT
A copy of the agencies’ notice as it appears on pages 45900–88, Vol. 68, No. 149 of
the Federal Register dated August 4, 2003, is attached.
MORE INFORMATION
For more information regarding the revised Capital Accord, please contact Barbara
Bouchard, Assistant Director, [phone]; David Adkins, Supervisory Financial Analyst,
[phone]; or Mark Van Der Weide, Counsel, [phone], at the Board. For more
information regarding the corporate internal ratings guidance, please contact David Palmer,
Supervisory Financial Analyst, at the Board, [phone]. For more information regarding the
AMA guidance, please contact T. Kirk Odegard, Supervisory Financial Analyst, at the Board,
[phone].
Paper copies of this notice or previous Federal Reserve Bank notices can be printed
from our web site at www.dallasfed.org/banking/notices/index.html.Monday,
August 4, 2003
Part II
Department of the
Treasury
Office of the Comptroller of the
Currency
12 CFR Part 3
Federal Reserve System
12 CFR Parts 208 and 225
Federal Deposit Insurance
Corporation
12 CFR Part 325
Department of the Treasury
Office of Thrift Supervision
12 CFR Part 567
Risk-Based Capital Guidelines;
Implementation of New Basel Capital
Accord; Internal Ratings-Based Systems
for Corporate Credit and Operational
Risk Advanced Measurement Approaches
for Regulatory Capital; Proposed Rule and
Notice
VerDate jul<14>2003 20:44 Aug 01, 2003 Jkt 200001 PO 00000 Frm 00001 Fmt 4737 Sfmt 4737 E:\FR\FM\04AUP2.SGM 04AUP245900 Federal Register/Vol. 68, No. 149/Monday, August 4, 2003/Proposed Rules
Other banking organizations that meet Street, NW., Washington, DC between 9 DEPARTMENT OF THE TREASURY
the criteria, standards, and requirements a.m. and 4:30 p.m. on business days.
Office of the Comptroller of the also would be eligible to use the OTS: Send comments to Regulation
Currency advanced approaches. Under the Comments, Chief Counsel’s Office,
advanced approaches, banking Office of Thrift Supervision, 1700 G
12 CFR Part 3 organizations would use internal Street, NW., Washington, DC 20552,
estimates of certain risk components as Attention: No. 2003–27. Delivery: Hand
[Docket No. 03–14]
key inputs in the determination of their deliver comments to the Guard’s desk,
regulatory capital requirements. east lobby entrance, 1700 G Street, NW., RIN Number 1557–AC48
from 9 a.m. to 4 p.m. on business days,
DATES: Comments must be received no
FEDERAL RESERVE SYSTEM Attention: Regulation Comments, Chief later than November 3, 2003.
Counsel’s Office, Attention: No. 2003–
ADDRESSES: Comments should be 12 CFR Parts 208 and 225 27. Facsimiles: Send facsimile
directed to: OCC: Please direct your transmissions to FAX Number (202)
[Regulations H and Y; Docket No. R–1154] comments to: Office of the Comptroller 906–6518, Attention: No. 2003–27. E-
of the Currency, 250 E Street, SW., mail: Send e-mails to FEDERAL DEPOSIT INSURANCE
Public Information Room, Mailstop 1–5, [e-mail], Attention: CORPORATION
Washington, DC 20219, Attention: No. 2003–27, and include your name
Docket No. 03–14; fax number (202) and telephone number. Due to 12 CFR Part 325
874–4448; or Internet address: temporary disruptions in mail service in
[e-mail]. Due to RIN 3064–AC73 the Washington, DC area, commenters
delays in paper mail delivery in the are encouraged to send comments by fax
DEPARTMENT OF THE TREASURY Washington area, we encourage the or e-mail, if possible.
submission of comments by fax or e- FOR FURTHER INFORMATION CONTACT:
Office of Thrift Supervision mail whenever possible. Comments may OCC: Roger Tufts, Senior Economic
be inspected and photocopied at the Advisor (202–874–4925 or
12 CFR Part 567 OCC’s Public Information Room, 250 E [e-mail]), Tanya Smith,
Street, SW., Washington, DC. You may Senior International Advisor (202–874–[No. 2003–27]
make an appointment to inspect 4735 or [e-mail]), or
comments by calling (202) 874–5043. RIN 1550–AB56 Ron Shimabukuro, Counsel (202–874–
Board: Comments should refer to 5090 or
Risk-Based Capital Guidelines; Docket No. R–1154 and may be mailed [e-mail]).
Implementation of New Basel Capital Board: Barbara Bouchard, Assistant to Ms. Jennifer J. Johnson, Secretary,
Accord Director (202/452–3072 or Board of Governors of the Federal
[e-mail]), David Reserve System, 20th Street and AGENCIES: Office of the Comptroller of
Adkins, Supervisory Financial Analyst Constitution Avenue, NW., Washington, the Currency, Treasury; Board of
(202/452–5259 or DC 20551. However, because paper mail Governors of the Federal Reserve
[e-mail]), Division of in the Washington area and at the Board System; Federal Deposit Insurance
Banking Supervision and Regulation, or of Governors is subject to delay, please Corporation; and Office of Thrift
Mark Van Der Weide, Counsel (202/consider submitting your comments by Supervision, Treasury.
452–2263 or e-mail to
ACTION: Advance notice of proposed [e-mail]), Legal [e-mail]., or
rulemaking. Division. For users of faxing them to the Office of the
Telecommunications Device for the Deaf Secretary at (202) 452–3819 or (202) SUMMARY: The Office of the Comptroller
(‘‘TDD’’) only, contact 202/263–4869. 452–3102. Members of the public may of the Currency (OCC), the Board of
FDIC: Keith Ligon, Chief (202/898–inspect comments in Room MP–500 of Governors of the Federal Reserve
3618 or [e-mail]), Jason Cave, the Martin Building between 9 a.m. and System (Board), the Federal Deposit
Chief (202/898–3548 or [e-mail]), 5 p.m. weekdays pursuant to § 261.12, Insurance Corporation (FDIC), and the
Division of Supervision and Consumer except as provided by § 261.14, of the Office of Thrift Supervision (OTS)
Protection, or Michael Phillips, Counsel Board’s Rules Regarding Availability of (collectively, the Agencies) are setting
(202/898–3581 or [e-mail]). Information, 12 CFR 261.12 and 261.14. forth for industry comment their current
OTS: Michael D. Solomon, Senior views on a proposed framework for FDIC: Written comments should be
Program Manager for Capital Policy implementing the New Basel Capital addressed to Robert E. Feldman,
(202/906–5654); David W. Riley, Project Accord in the United States. In Executive Secretary, Attention:
Manager (202/906–6669), Supervision particular, this advance notice of Comments, Fed