OCC Rescinds Capital Guidance

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On October 14, the Office of the Comptroller of Currency (OCC) formally rescinded capital guidance that it had previously issued. The guidance became outdated or superseded, according to the OCC, due to the issuance of the 2013 capital rule that went into effect in 2015.  

The list of rescinded guidance is available here.

The 2013 capital rule issuance is available here.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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