#1
July 29th, 2016, 10:22 AM
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Bank of America Basel III Requirements
Hi buddy here I have come to get info about Bank of America Basel III Requirements, so can you here tell me if you know anything ??
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#2
July 29th, 2016, 11:25 AM
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Re: Bank of America Basel III Requirements
As you asking I am telling Bank of America Basel 3 is a global regulatory capital framework developed by the Basel Committee on Banking Supervision. Basel 3 is composed of three parts, or pillars. Pillar 1 addresses capital adequacy and provides minimum capital requirements. Pillar 2 requires supervisory review of capital adequacy assessments and strategies. Pillar 3 promotes market discipline through prescribed regulatory public disclosures around capital structure, capital adequacy, and risk-weighted assets. As Basel 3 is implemented at the jurisdictional level, not all regulatory agencies require the same measures or levels of detail in their disclosure requirements. Here I am providing global list of Bank of America Corporation branches or subsidiaries which are required to adhere to Pillar 3 disclosure requirements in their local markets. Global list of Bank of America Corporation branches Bank profile: Type Public Traded as NYSE: BAC S&P 500 Component Industry Banking, Financial services Predecessor Bank America NationsBank Founded October 17, 1904; 111 years ago (as Bank of Italy) February 1930; 86 years ago (as Bank of America) 1998; 18 years ago (current) Founder Amadeo Giannini Headquarters Charlotte, North Carolina, United States Area served Worldwide Key people Brian T. Moynihan Chairman & CEO Products Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards, Revenue US$82.50 billion (2015) Operating income US$21.89 billion (2015) Net income US$15.89 billion (2015) Total assets US$2.185 trillion (2016) Total equity US$256.2 billion (2015) Number of employees 220,000 (2015) |