Federal bank regulators on Thursday introduced proposals to overhaul capital rules, affecting how depositories treat mortgage assets.

The package includes three measures: revisions to the Basel III framework for large, internationally active banks; changes to the Global Systemically Important Bank (GSIB) surcharge; and updates to the U.S. standardized approach. A broader Basel III proposal introduced in 2023 was later abandoned.

The Federal Reserve, Federal Deposit Insurance Corp. (FDIC) and Office of the Comptroller of the Currency (OCC) are jointly advancing the proposals.

Overall, the changes would reduce Tier 1 capital requirements by 4.8% for the largest banks (Categories I details ⇒

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