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.

Forms and Documents

Document Name	Status
1557-0242 Supporting Statement 8-18-20.docx Supporting Statement A	2020-08-18
Pillar 2.pdf Supplementary Document	2011-09-27

IC Document Collections

IC ID	Document Title	Status
181957	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.	Modified

ICR Details

OMB Control No: 1557-0242	ICR Reference No: 201912-1557-001
Status: Active	Previous ICR Reference No: 201706-1557-005
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: 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.
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/23/2020
	Date Received in OIRA: 10/05/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2023	36 Months From Approved	11/30/2020
Responses	19	0	23
Time Burden (Hours)	2,660	0	3,220
Cost Burden (Dollars)	0	0	0

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Abstract: 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.

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Authorizing Statute(s): US Code: 12 USC 1 et seq. Name of Law: National Bank Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 29019	05/14/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 62805	10/05/2020
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
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.

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ICR Summary of Burden

	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	19	23	0	0	-4	0
Annual Time Burden (Hours)	2,660	3,220	0	0	-560	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The decrease in burden is due to the reduction in the number of respondents.

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 10/05/2020

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