Each of the US bank regulators (collectively, the Agencies) has recently adopted a final rule (in the case of the FDIC, an interim final rule) to implement the Basel III regulatory capital framework for banking organizations in the United States. While arguably containing no significant surprises (at least to those familiar with the June 2012 NPRs and US Basel II), the securitization provisions of the Final Rule are nevertheless likely to cause some disappointment to affected banking organizations insofar as many objections and requests for relief were not reflected in the Final Rule. We specifically review the securitization provisions of the Final Rule.
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