Qualification process.

CFR · 2024-01-01 · US · Title 12

(a) (2) A national bank or Federal savings association that elects to be subject to this appendix under § 3.100(b)(1)(v) must adopt a written implementation plan. (b) (i) Comprehensively address the qualification requirements in § 3.122 for the national bank or Federal savings association and each consolidated subsidiary (U.S. and foreign-based) of the national bank or Federal savings association with respect to all portfolios and exposures of the national bank or Federal savings association and each of its consolidated subsidiaries; (ii) Justify and support any proposed temporary or permanent exclusion of business lines, portfolios, or exposures from the application of the advanced approaches in this subpart (which business lines, portfolios, and exposures must be, in the aggregate, immaterial to the national bank or Federal savings association); (iii) Include the national bank's or Federal savings association's self-assessment of: (A) The national bank's or Federal savings association's current status in meeting the qualification requirements in § 3.122; and (B) The consistency of the national bank's or Federal savings association's current practices with the OCC's supervisory guidance on the qualification requirements; (iv) Based on the national bank's or Federal savings association's self-assessment, identify and describe the areas in which the national bank or Federal savings association proposes to undertake additional work to comply (v) Describe what specific actions t

official document · source cfr-2024 · id 12:§ 3.121