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Post by bot on Sept 4, 2015 18:44:52 GMT -5
Regulators allow Bank of America to use own calculations for capital
WASHINGTON (MarketWatch) - The Federal Reserve Board and the Office of the Comptroller of the Currency announced Thursday they will allow Bank of America and its subsidiary national banks to begin using the "advanced" approaches capital framework in the fourth quarter of 2015. Under this framework, banks can use their own risk weights instead of standardized weights when calculating their risk-based capital requirements. The framework applies only to banks with at least $250 billion in total assets or $10 billion in total on-balance sheet foreign exposure
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