OCC issues guidance on market risk capital rule
Kevin Bailey, deputy comptroller for regulatory policy at the OCC, sent a letter addressed to chief executives at national banks on Friday.
Bailey said: “A national bank that has met one of the criteria [assets and liabilities worth more than $1 billion or over 10% of total assets] and has not previously complied with the market risk rule should contact its supervisory office. Additionally, a national bank that is approaching one of the two criteria and has not previously complied with the market
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