Supervisory Guidance: Internal Ratings-Based Systems for Credit Risk, Advanced Measurment Approaches for Operational Risk, and the Supervisory Review Process (Pillar 2) Related to Basel II Impl.
ICR 201103-1557-002 · OMB 1557-0242 · Historical Active
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1557-0242 can be found here:
Supervisory Guidance: Internal Ratings-Based Systems for Credit Risk, Advanced Measurment Approaches for Operational Risk, and the Supervisory Review Process (Pillar 2) Related to Basel II Impl.
Extension without change of a currently approved collection
Modifications made to the supporting statement regarding confidentiality of information collection.
Inventory as of this Action
Requested
Previously Approved
09/30/2014
36 Months From Approved
09/30/2011
51
0
52
7,140
0
7,280
0
0
0
The agencies published guidance regarding the supervisory review process for capital adequacy (Pillar 2) provided in the Basel II advanced approaches final rule. The supervisory review process described in the guidance outlines the agencies' expectations for (i) satisfying the qualification requirements provided in the advanced approaches final rule; (ii) addressing the limitations of the minimum risk-based capital requirements for credit risk and operational risk; (iii) ensuring that each institution has a rigorous process for assessing its overall capital adequacy in relation to its risk profile and a comprehensive strategy for maintaining appropriate capital levels; and (iv) encouraging each institution to improve its risk identification and measurement techniques. The supervisory guidance applies to an institution implementing the advanced approaches final rule.
On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act, P.L. 111-203, 124 Stat. 1376 (2020)(Dodd-Frank Act) was enacted. As part of the comprehensive package of financial regulatory reform measures enacted, Title III of the Dodd-Frank Act transfers the powers, authorities, rights and duties of the Office of Thrift Supervision to other banking agencies, including the OCC, on the "transfer date." The transfer date is July 21, 2011. The Dodd-Frank Act also abolishes the OTS ninety days after the transfer date. As a result of the Dodd-Frank Act, OCC is now including the thrift institutions it regulates in its burden estimates.
The number of national banks has decreased since our last submission. This submission reflects this decrease (4) and an increase (3) due to the addition of thrift institutions, resulting in an overall decrease.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Pillar 2.pdf
1557-0242.doc
Supervisory Guidance: Internal Ratings-Based Systems for Credit Risk, Advanced Measurment Approaches for Operational Risk, and the Supervisory Review Process (Pillar 2) Related to Basel II Impl.