MBA Joint Trade Letter on Basel III Recommendations

The undersigned organizations appreciate the opportunity to comment on the notice of proposed rulemaking (NPR) issued by the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC) and the Board of the Governors of the Federal Reserve System (the Board) (jointly, “the Agencies”) to implement the final components of the Basel III standards to which the U.S. banking system has been gradually transitioning over many years.