Wells Fargo Gets the Green Light for New Risk-Based Capital Requirements

Wells Fargo received permission from the Federal Reserve Board and the Office of the Comptroller of the Currency to begin using the "advanced approaches" capital framework. The new framework, which will be implemented in the second quarter of 2015, will allow Wells Fargo to consider specific risk-measurement and risk-management criteria when calculating risk-based capital requirements. This new framework is built on standards developed by the Basel Committee on Banking Supervision. [4/1/15]