Regulatory Alerts2020-01-30 | 2020-00776Regulatory Capital Rule: Capital Simplification for Qualifying Community Banking Organizations; Corrections
The Federal Deposit Insurance Corporation issues correcting amendments to standardize language in its interagency capital simplification rule for community banking organizations with under $10 billion in total consolidated assets. These corrections revise the entirety of paragraph (b) of 12 CFR 324-403 to fully implement the community bank leverage ratio framework and clarify capital category definitions for well, adequately, and undercapitalized institutions. Concurrently, the Small Business Administration and Federal Aviation Administration publish correcting amendments to update small business contracting regulations under the HUBZONE program and mandate revised maintenance programs for Boeing 757 aircraft to address fatigue cracking.
Share