Watchdogs Approve BofA's Models For Risk-Based Capital

Law360, New York (September 3, 2015, 5:35 PM EDT) -- Federal banking regulators on Thursday allowed Bank of America Corp. to use its own models when determining the capital levels it must maintain.

The Federal Reserve and the Office of the Comptroller of the Currency said that BofA and its subsidiaries had a successful “parallel run” of its models for determining how much risk-based capital the bank has to retain to meet the new requirements of the Basel III international banking accords. Now that the Fed and the OCC have determined that BofA's models meet their...
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