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July 29th, 2016, 11:25 AM
Super Moderator
 
Join Date: Mar 2012
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)


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