Regulators Announce New Proposed Rules for Capital Requirements at Large Banks

The Office of the Comptroller of the Currency, along with the Federal Reserve and FDIC released their long anticipated interagency Notice of Rulemaking. The Proposal, which will be subject to a comment period through November 30, 2023, incorporates final components of the Basel III agreement and lays out significant changes to capital requirements for banks with over $100B in total assets. SFNet has formed a committee that is reviewing these requirements as they apply to our asset classes and will provide ongoing updates regarding this important matter. To get involved please contact Michele Ocejo at MOcejo@sfnet.com.