The Council published its framework for assessing the CCyB in December 2014. 21 Denmark was one of the first countries to develop and publish a method to assess the CCyB. In Denmark, the CCyB could potentially have been set at a positive rate from 2015. This was one year earlier than in many other countries.
Other bankers have commented on the burden associated with recently implemented changes to the capital guidelines and have encouraged the agencies to consider simplifying requirements for community banking organizations. The Federal Reserve is giving all of these suggestions careful consideration and will be working closely with the other banking agencies in developing a report to the Congress at the conclusion of the EGRPRA review.