(The following statement was released by the rating agency)
Link to Fitch Ratings' Report: U.S. Basel III and Dodd Frank Act
Guide (Applicability of Bank Regulations in the U.S.)
NEW YORK, September 08 (Fitch) The U.S. banking regulatory
to evolve, and given the complexity of banking regulations,
Fitch has published
an updated U.S. regulatory guide to help navigate the changing
facing the banking industry.
"U.S. banks will continue to grapple with heightened regulatory
expectations for the foreseeable future and many banks have
business models in response to the evolving landscape," said
Managing Director, Fitch Ratings.
The guide focuses on the applicability of key new regulations,
purpose and some of the differences between U.S. regulation and
Basel standards set by the Basel Committee on Banking
Supervision (BCBS). With
the implementation of Basel III, one of the biggest departures
banking regulations is the proliferation of tiered regulation
based on asset
size. As a result, this report aims to highlight the regulatory
banking organizations by their asset size.
While U.S. and global regulators have made significant progress
agendas, there are several important regulations on the horizon
that banks are
watching closely. Regulation pending finalization includes a
proposal on total
loss absorbing capacity (TLAC); a proposal for the net stable
(NSFR) in the U.S; a proposal for single-counterparty limits for
large banks; a
proposed rule for qualified financial contracts (QFC Rule)
systemically important banks (GSIBs) and their counterparties;
and a proposal to
update the standardized approach to credit risk.
"Uncertainty remains around pending regulation, but in Fitch's
view U.S. banks
will likely have sufficient time to comply with new rules ahead
of phase-in and
full implementation," added Lee.
Fitch's U.S. Basel III and Dodd Frank Act Regulatory Guide is
intended to be a
quick guide to help navigate some of the key regulations facing
industry and is not intended to be comprehensive. Given the
banking regulations, Fitch has included links to the full text
regulations for readers who require additional detail. The
report is updated
periodically as necessary and is available at
www.fitchratings.com or by
clicking on the link above.
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY
Media Relations: Hannah James, New York, Tel: + 1 646 582 4947,
Additional information is available at 'www.fitchratings.com'.
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