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Code · CFR · Title 12 — Banks and Banking · Part 217 — Capital Adequacy of Bank Holding Companies, Savings and Loan Holding Companies, and State Member Banks (Regulation Q) · § 217.123

§ 217.123. Ongoing qualification.

201 words·~1 min read·/us/cfr/t12/s§ 217.123·

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(a)Changes to advanced systems. A Board-regulated institution must meet all the qualification requirements in § 217.122 on an ongoing basis. A Board-regulated institution must notify the Board when the Board-regulated institution makes any change to an advanced system that would result in a material change in the Board-regulated institution's advanced approaches total risk-weighted asset amount for an exposure type or when the Board-regulated institution makes any significant change to its modeling assumptions.
(b)Failure to comply with qualification requirements.
(1)If the Board determines that a Board-regulated institution that uses this subpart and that has conducted a satisfactory parallel run fails to comply with the qualification requirements in § 217.122, the Board will notify the Board-regulated institution in writing of the Board-regulated institution's failure to comply.
(2)The Board-regulated institution must establish and submit a plan satisfactory to the Board to return to compliance with the qualification requirements.
(3)In addition, if the Board determines that the Board-regulated institution's advanced approaches total risk-weighted assets are not commensurate with the Board-regulated institution's credit, market, operational, or other risks, the Board may require such a Board-regulated institution to calculate its advanced approaches total risk-weighted assets with any modifications provided by the Board.
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§ 217.123
Ongoing qualification.
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