Supervisory Guidance: Internal Ratings-Based Systems for Credit Risk, Advanced Measurment Approaches for Operational Risk, and the Supervisory Review Process (Pillar 2) Related to Basel II Impl.

ICR 201706-1557-005

OMB: 1557-0242

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2017-08-16
Supplementary Document
2011-09-27
ICR Details
1557-0242 201706-1557-005
Historical Active 201403-1557-013
TREAS/OCC
Supervisory Guidance: Internal Ratings-Based Systems for Credit Risk, Advanced Measurment Approaches for Operational Risk, and the Supervisory Review Process (Pillar 2) Related to Basel II Impl.
Extension without change of a currently approved collection   No
Regular
Approved without change 11/22/2017
Retrieve Notice of Action (NOA) 09/05/2017
  Inventory as of this Action Requested Previously Approved
11/30/2020 36 Months From Approved 11/30/2017
23 0 26
3,220 0 3,640
0 0 0

This collection relates to interagency guidance regarding the supervisory review process for capital adequacy (Pillar 2) provided in the Basel II advanced approaches final rule. The supervisory review process described in the guidance outlines the agencies' expectations for (i) satisfying the qualification requirements provided in the advanced approaches final rule; (ii) addressing the limitations of the minimum risk-based capital requirements for credit risk and operational risk; (iii) ensuring that each institution has a rigorous process for assessing its overall capital adequacy in relation to its risk profile and a comprehensive strategy for maintaining appropriate capital levels; and (iv) encouraging each institution to improve its risk identification and measurement techniques. The supervisory guidance applies to an institution implementing the advanced approaches final rule.

US Code: 12 USC 1 et seq. Name of Law: National Bank Act
  
None

Not associated with rulemaking

  82 FR 26569 06/07/2017
82 FR 42015 09/05/2017
No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 23 26 0 0 -3 0
Annual Time Burden (Hours) 3,220 3,640 0 0 -420 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The decrease in burden is due to the decrease in the number of institutions subject to the guidance.

No
    No
    No
No
No
No
Uncollected
Douglas Robertson 202 649-5506

  No

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.
09/05/2017


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