OMB files this
comment in accordance with 5 CFR 1320.11( c ). This OMB action is
not an approval to conduct or sponsor an information collection
under the Paperwork Reduction Act of1995. This action has no effect
on any current approvals. If OMB has assigned this ICR a new OMB
Control Number, the OMB Control Number will not appear in the
active inventory. For future submissions of this information
collection, reference the OMB Control Number provided. Pursuant to
5 CFR 1320.11(c), OMB files this comment on this information
collection request (ICR). In accordance with 5 CFR 1320, OMB is
withholding approval at this time. The agency shall examine public
comment in response to the NPRM and will describe in the preamble
of the final rule how the agency has maximized the practical
utility of the collection and minimized the burden. The next
submission to OMB must include the draft final rule.
Inventory as of this Action
Requested
Previously Approved
01/31/2013
36 Months From Approved
03/31/2013
1,251
0
1,251
821,640
0
821,640
0
0
0
The OCC, FRB, and FDIC have issued
three notices of proposed rulemaking that would revise and replace
their capital rules. The first (Basel III NPR 1) would revise their
risk-based and leverage capital requirements consistent with
agreements reached by the Basel Committee on Banking Supervision
(BCBS)in Basel III - A Global Regulatory Framework for More
Resilient Banks and Banking Systems. The second (Basel III NPR 2)
would revise and harmonize their rules for calculating
risk-weighted assets to enhance risk sensitivity and address
weaknesses identified in recent years. The last (Basel III NPR 3)
would revise the advanced approaches risk-based capital rules
consistent with Basel III and other changes to the BCBS's capital
standards.
The qualification
process/requirements and ongoing qualification for Basel III and
Basel II are substantially the same. The significantly higher
estimates for Basel II are due to the fact that, at the time the
rule was adopted, banks had to create from scratch a system of
rating every exposure. In addition, the OCC had no experience with
assisting them and providing clear expectations. With Basel III,
five years later, few banks are coming in. Banks coming now in have
an easier time coming up to speed, as we are able to assist them
better and provide a clear set of expectations. Therefore, the
replacement of the Basel II qualification process/requirements and
ongoing qualification with that of Basel III resulted in an
adjustment of -751,325 hours. The addition of the regulatory
capital and standardized approach provisions resulted in a program
increase (agency discretion) of +124,704 hours. This results in an
overall decrease in burden of -626,621.50 hours.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.
Basel III (December 21).docx
Minimum Regulatory Capital Ratios, etc. - Recordkeeping (Basel III NPR 1)