In this issue:

- Banking Regulators Propose Basel III Capital Rules

- NFA Reminds Members of BSA Electronic Filing Requirements

- IOSCO Publishes Final Derivatives Market Intermediary Report

- Delaware Court of Chancery Allows Depositions of Foreign Witnesses to Establish Personal Jurisdiction

- Delaware Chancery Court Grants Reformation of Contract to Reflect Prior Email Agreement

- Regulators Issue Memorandum of Understanding

- CFPB Seeks Further Comment on Ability-to-Repay Mortgage Rule

- CFPB Issues Final Rules Relating to Investigations, Adjudicative Proceedings, and Notifications of Actions by State Officials

- FSA Publishes Guide to PRA and FCA Handbooks

An excerpt from "Banking Regulators Propose Basel III Capital Rules"

On June 7, the Federal Reserve Board, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation jointly proposed new capital rules to implement the Basel III international regulatory capital reforms mandated by the Basel Committee on Banking Supervision. These proposals, which will be open for comment for 90 days, will apply to all depository institutions, bank holding companies with total consolidated assets of $500 million or more, and savings and loan holding companies. Among many things, the proposals raise the minimum tier 1 capital ratio from 4% to 6% of risk-weighted assets and introduces a new tier 1 common equity ratio and a capital conservation buffer.