ICYMI: Banking Agencies Release Capital Proposal
September 11, 2023
On July 27, the Federal Reserve, FDIC, and the Office of the Comptroller of the Currency (OCC) jointly proposed revised bank capital standards (Proposal). Click here for our full alert.
- Comments are due November 30, 2023.
- Join CREFC’s webinar on September 12 at 3:00 PM featuring bank capital experts from Mayer Brown to cover the proposal’s key details, including implications for CRE lending.
Why it matters: Capital requirements impact banks’ ability to lend and the cost of doing business. The Proposal, which targets large banks with over $100 billion in assets, will carry out the final international Basel III standards and respond to some of the early-2023 regional bank turmoil.
What’s next: CREFC convened a working group to discuss the impact of the proposal and to assist in CREFC’s industry response. Contact Sairah Burki (sburki@crefc.org) to join.