Financial Institution Letter
FIL-52-2010
August 16, 2010
REGULATORY CAPITAL STANDARDS
Advance Notice of Proposed Rulemaking Regarding Alternatives
to the Use of External Credit Ratings in Risk-Based Capital
Guidelines of the Federal Banking Agencies
Summary: The FDIC and the other federal banking agencies are requesting comment on
alternative standards of creditworthiness to replace the use of credit ratings in the risk-based
capital requirements. The comment period for the attached Advance Notice of Proposed
Rulemaking (ANPR) will be 60 days after its publication in the Federal Register.
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
Contacts:
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
Attachments:
Summary of the ANPR
Advance Notice of Proposed Rulemaking
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).
Highlights:
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.
This ANPR seeks comment on standards of
creditworthiness, other than credit ratings, that
may be used in the agencies’ risk-based capital
rules.
Commenters’ views are solicited on the feasibility
of implementing the alternative approaches
included in this ANPR and any other
methodologies.
Federal Deposit Insurance Corporation
550 17th Street NW, Washington, D.C. 20429-9990
FIL-52-2010
August 16, 2010
REGULATORY CAPITAL STANDARDS
Advance Notice of Proposed Rulemaking Regarding Alternatives
to the Use of External Credit Ratings in Risk-Based Capital
Guidelines of the Federal Banking Agencies
Summary: The FDIC and the other federal banking agencies are requesting comment on
alternative standards of creditworthiness to replace the use of credit ratings in the risk-based
capital requirements. The comment period for the attached Advance Notice of Proposed
Rulemaking (ANPR) will be 60 days after its publication in the Federal Register.
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
Contacts:
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
Attachments:
Summary of the ANPR
Advance Notice of Proposed Rulemaking
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).
Highlights:
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.
This ANPR seeks comment on standards of
creditworthiness, other than credit ratings, that
may be used in the agencies’ risk-based capital
rules.
Commenters’ views are solicited on the feasibility
of implementing the alternative approaches
included in this ANPR and any other
methodologies.
Federal Deposit Insurance Corporation
550 17th Street NW, Washington, D.C. 20429-9990