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OCC Bulletin 2008-20
July 31, 2008
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Chief Executive Officers of All National Banks, Federal Branches and Agencies, Department and Division Heads, and All Examining Personnel
The guidance attached to this bulletin continues to apply to federal savings associations.
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision have issued final guidance outlining the supervisory review process for banking organizations implementing the new advanced capital adequacy framework known as Basel II. The final guidance relating to supervisory review is aimed at helping banking organizations meet certain qualification requirements in the advanced approaches rule, which took effect April 1.
This guidance supplements the advanced approaches final rule and describes the process for supervisory review under that rule. These reviews are intended to help ensure an institution’s overall capital adequacy by
The guidance covers three main areas: i) comprehensive supervisory review of capital adequacy; ii) compliance with regulatory capital requirements; and iii) internal capital adequacy assessment process.
For further information, contact the Regulatory Policy Department at (202) 649-6370.
Timothy W. Long
Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner