US Bank Regulators Advance Proposal For New Basel Capital Rules

The Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency submitted proposals to the Office of Management and Budget for review, filings on the website of the Office of Information and Regulatory Affairs show.

The agencies share responsibility with the Federal Reserve for drafting Basel capital rules. The submissions refer to rules on regulatory capital and the standardised approach for risk-weighted assets. They do not provide details on the content or timing of the proposal. No related filing from the Federal Reserve was posted. The rules would implement global standards on how banks measure risk and assign capital. An earlier proposal during the Biden administration faced opposition from the banking industry over capital requirements.

Federal Reserve Vice Chair for Supervision Michelle Bowman has said agencies aim to propose a new set of rules by early 2026.