The OCC has issued a final rule that revises and replaces its capital rules. The rule: revises risk-based and leverage capital requirements consistent with agreements reached by the Basel Committee on Banking Supervision (BCBS) in Basel III - A Global Regulatory Framework for More Resilient Banks and Banking Systems; revises and harmonizes rules for calculating risk-weighted assets to enhance risk sensitivity and address weaknesses identified in recent years; and revises the advanced approaches risk-based capital rules consistent with Basel III and other changes to the BCBS's capital standards.
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.
1557-0318 Renewal.docx
Minimum Regulatory Capital Ratios - Recordkeeping