MBA Letter to Banking Agencies on Basel III Re-proposal (New Markets Tax Credit)

The undersigned organizations comment on the notices of proposed rulemaking (NPRs) issued by the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (jointly, the Agencies). The NPRs consist of (i) proposed revisions to the risk-based capital framework for Category I and II banking organizations (Basel III proposed regulations) and (ii) proposed modifications to the standardized approach for credit risk applicable to other banking organizations (the Standardized Approach Proposed Regulations, and together with the Basel III proposed regulations, the Proposals).