Highlights:
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The Dodd-Frank Wall Street Reform and Consumer Protection Act requires the FDIC and the other federal banking agencies to review regulations that require an assessment of the creditworthiness of a security or money market instrument and contain references to or requirements regarding credit ratings. The agencies also are required to remove such requirements that refer to or rely on credit ratings and substitute in their place uniform standards of creditworthiness.
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This ANPR seeks comment on standards of creditworthiness, other than credit ratings, that may be used in the agencies' risk-based capital rules.
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Commenters' views are solicited on the feasibility of implementing the alternative approaches included in this ANPR and any other methodologies.
Distribution:
FDIC-Supervised Banks (Commercial and Savings)
Suggested Routing:
Chief Executive Officer
Chief Financial Officer
Chief Accounting Officer
Related Topics:
Risk-Based Capital Rules
12 CFR Part 325
Attachment:
Summary of the ANPR (Advance Notice of Proposed Rulemaking)
(PDF Help)
Contact:
Bobby Bean, Chief, Policy Section, at
BBean@fdic.gov or (202) 898-6705
Ryan Billingsley, Senior Policy Analyst, at
RBillingsley@fdic.gov or (202) 898-3797
Printable Format:
FIL-52-2010 - PDF (PDF Help)
Note:
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2010/index.html.
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).
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