[Federal Register Volume 75, Number 40 (Tuesday, March 2, 2010)]
[Notices]
[Pages 9488-9489]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-4203]
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DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
Basel Comprehensive Quantitative Impact Study
AGENCY: Office of Thrift Supervision (OTS), Treasury.
ACTION: Notice and request for comment.
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SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to comment on proposed and continuing
information collections, as required by the Paperwork Reduction Act of
1995, 44 U.S.C. 3507. The Office of Thrift Supervision within the
Department of the Treasury will submit the proposed information
collection requirement described below to the Office of Management and
Budget (OMB) for review, as required by the Paperwork Reduction Act.
Today, OTS is soliciting public comments on its proposal to extend this
information collection.
DATES: Submit written comments on or before May 3, 2010.
ADDRESSES: Send comments, referring to the collection by title of the
proposal or by OMB approval number, to Information Collection Comments,
Chief Counsel's Office, Office of Thrift Supervision, 1700 G Street,
NW., Washington, DC 20552; send a facsimile transmission to (202) 906-
6518; or send an e-mail to [email protected]. OTS
will post comments and the related index on the OTS Internet Site at
http://www.ots.treas.gov. In addition, interested persons may inspect
comments at the Public Reading Room, 1700 G Street, NW., by
appointment. To make an appointment, call (202) 906-5922, send an e-
mail to public.info@ots.treas.gov">public.info@ots.treas.gov, or send a facsimile transmission to
(202) 906-7755.
FOR FURTHER INFORMATION CONTACT: You can request additional information
about this proposed information collection from Roberta M. Renz (202)
906-6447, Office of Thrift Supervision, 1700 G Street, NW., Washington,
DC 20552.
SUPPLEMENTARY INFORMATION: OTS may not conduct or sponsor an
information collection, and respondents are not required to respond to
an information collection, unless the information collection displays a
currently valid OMB control number. As part of the
[[Page 9489]]
approval process, we invite comments on the following information
collection.
Comments should address one or more of the following points:
a. Whether the proposed collection of information is necessary for
the proper performance of the functions of OTS;
b. The accuracy of OTS's estimate of the burden of the proposed
information collection;
c. Ways to enhance the quality, utility, and clarity of the
information to be collected;
d. Ways to minimize the burden of the information collection on
respondents, including through the use of information technology.
We will summarize the comments that we receive and include them in
the OTS request for OMB approval. All comments will become a matter of
public record. In this notice, OTS is soliciting comments concerning
the following information collection.
Title of Proposal: Basel Comprehensive Quantitative Impact Study.
OMB Number: 1550-0NEW.
Form Numbers: N/A.
Regulation requirement: 12 CFR Part 567.
Description: The International Convergence of Capital Measurement
and Capital Standards: A Revised Framework, also known as the Basel II
Capital Accord, sets out a general international capital framework for
financial institutions. The Basel II Capital Accord was adopted under
the auspices of the Basel Committee on Banking Supervision \1\ (Basel
Committee), and was implemented into domestic regulations in the United
States by the Federal financial agencies on December 7, 2007 (72 FR
69288). In an effort to refine the Basel II Capital Accord, the Basel
Committee will conduct a quantitative impact study (QIS) to assess the
impact of the proposed revisions that were published by the Basel
Committee on December 17, 2009.\2\ As part of this effort, the OTS, in
coordination with the other Federal financial agencies, is proposing to
collect data from national financial institutions with respect to the
following subjects:
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\1\ The Basel Committee on Banking Supervision is a committee of
banking supervisory authorities, which was established by the
central bank Governors of the Group of Ten countries in 1975. It
consists of senior representatives of bank supervisory authorities
and central banks from Argentina, Australia, Belgium, Brazil,
Canada, China, France, Germany, Hong Kong SAR, India, Indonesia,
Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, Russia,
Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland,
Turkey, the United Kingdom and the United States. It usually meets
at the Bank for International Settlements (BIS) in Basel,
Switzerland, where its permanent Secretariat is located.
\2\ Basel Committee on Banking Supervision, Strengthening the
resilience of the banking sector, consultative document, December
17, 2009.
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[dec221] Revisions to the Basel II market risk framework \3\ and
guidelines for computing capital for incremental risk in the trading
book,\4\ including the incremental risk capital charge; the
comprehensive risk measure for correlation trading portfolios; the new
rules for securitization exposures in the trading book; and the revised
capital charges for certain equity exposures subject to the
standardized measurement method for market risk.
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\3\ Basel Committee on Banking Supervision, Revisions to the
Basel II market risk framework, July 2009.
\4\ Basel Committee on Banking Supervision, Guidelines for
computing capital for incremental risk in the trading book, July
2009.
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[dec221] Enhancements to the Basel II framework \5\ including the
revised risk weights for re-securitizations held in the banking book.
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\5\ Basel Committee on Banking Supervision, Enhancements to the
Basel II framework, July 2009.
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[dec221] Enhancements to strengthen the resilience of the financial
institution sector \6\ including the proposed changes to the definition
of capital; the proposed introduction of a leverage ratio; and the
proposed changes to the treatment of counterparty credit risk.
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\6\ See footnote 2.
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[dec221] Liquidity enhancements referring to the international
framework for liquidity risk measurement, standards and monitoring.\7\
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\7\ Basel Committee on Banking and Supervision, International
Framework for liquidity risk measurement, standards and monitoring,
consultative document, December 17, 2009.
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[dec221] Operational risk and countercyclical tools.
The OTS intends to collect data for the QIS from financial
institutions subject to the Basel II Capital Framework \8\ and those
subject to the current risk-based capital guidelines (Basel I).\9\
Unless otherwise noted, all data would be reported on a consolidated
basis. Ideally, financial institutions should include all their assets
in this information collection. However, due to data limitations,
inclusion of some assets (for example, the portfolio of a minor
subsidiary) may not be feasible. Exclusion of such assets is
acceptable, as long as the remaining assets are representative of the
financial institution as a whole.
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\8\ See 12 CFR Part 3, Appendix C.
\9\ See 12 CFR Part 3, Appendix A.
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Type of Review: New collection.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 5.
Estimated Burden Hours per Response: 117.
Estimated Frequency of Response: On occasion.
Estimated Total Burden: 585 hours.
Dated: February 24, 2010.
Ira L. Mills,
Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift
Supervision.
[FR Doc. 2010-4203 Filed 3-1-10; 8:45 am]
BILLING CODE 6720-01-P