The changes we will be seeing in the financial regulatory architecture as a result of the DoddFrank Act and Basel III are principally directed at our largest and most complex financial firms.
Many of the Basel III requirements will not apply to smaller banks – including the countercyclical capital buffer, supplementary leverage ratio, trading book reforms, AOCI flow through, higher capital requirements for counterparty credit risk on derivatives, and  4  For approvals granted by the Board for www.federalreserve.gov/bankinforeg/716f-requests.htm.