Whitepaper - Deferred tax implications of final Basel III rules - EY
Published September 16, 2016
On 2 July 2013, the Federal Reserve released the long-awaited final regulations implementing the Basel III standards for determining required levels of regulatory capital for banking organizations. These regulations amend, in several important respects, a notice of proposed rulemaking that was issued in June 2012 (the NPR). Included in these rules are numerous provisions limiting how and when deferred tax assets (DTAs) are required to be subtracted from GAAP equity in arriving at the various layers of regulatory capital. However, some of the rules in the final regulations differ significantly from those in the NPR. This alert covers three of those differences.
Whitepaper on DTA's under Basel III (293.62 KB / pdf)