The Federal Reserve has finalized a regulation making changes that align its market risk capital rule with Basel III.
The market risk rule is used by banks with significant trading activities to calculate regulatory capital requirements for market risk.
The Fed issued a notice of proposed rulemaking in July. It received no comments on the proposal.
The technical changes made to the market risk rule reflect modifications by the Organization for Economic Cooperation and Development regarding country risk classifications. The OECD’s CRCs are an assessment of country risk, used to set interest rates for transactions covered by the OECD arrangement ...
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