In a few weeks, the agencies will be publishing their joint ANPR for a ninety-day comment period, and will also issue early drafts of related supervisory guidance so that banks can have a fuller understanding of supervisory expectations and more carefully begin their planning process.
The comments on the domestic rulemaking as well as on CP3 will be critical in developing the negotiating position of the U.S. agencies, and highlighting the need for any potential modifications in the proposal. The U.S. agencies are committed to careful and considered review of the comments received.