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ARTICLE · 17 APRIL 2015

US Banking Agencies Permit Wells Fargo To Begin Using Advanced Approaches Framework

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Previously, Wells Fargo used the standardized approach to calculate risk-based capital.

United StatesFinance and Banking
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On March 31, 2015, the US Board of Governors of the Federal Reserve and the US Office of the Comptroller announced that Wells Fargo – one of the largest global systemically important financial institutions – will be permitted to use the "advanced approaches" capital framework to calculate and publicly disclose its risk-based capital requirements as of the second quarter of 2015.

The US advanced approaches framework is available for the largest US banks following a trial or "parallel run" in which the bank proves its ability to meet disclosure requirements for the capital framework under the advanced approach method for four consecutive calendar years. Currently, seven other US banks use the advanced approaches framework. Previously, Wells Fargo used the standardized approach to calculate risk-based capital.

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