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ARTICLE · 05 SEPTEMBER 2023

The Final Stretch: Securitization In The US Under The Proposed Basel III Endgame Rules

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On July 27, 2023, the US banking regulators issued a notice of proposed rulemaking (the "NPR") to revise significantly the risk-based capital requirements applicable to large banks and to banks...

United StatesFinance and Banking
Christopher Horn
Christopher Horn
Stuart Litwin
Stuart Litwin
Matthew Bisanz
Matthew Bisanz
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On July 27, 2023, the US banking regulators1 issued a notice of proposed rulemaking (the "NPR")2 to revise significantly the risk-based capital requirements applicable to large banks3 and to banks with significant trading activity. The NPR would generally implement the Basel Committee's revisions to its regulatory capital standards colloquially referred to as "Basel III Endgame" or "Basel IV," with some key differences.

Comments on the NPR are due on November 30, 2023.

If adopted, the proposal would generally take effect on July 1, 2025. Banks would be given three years to phase-in compliance with the changes to the credit risk and operational requirements, including those discussed in this article.

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