From link:

Bad news when you have to modify the calculation to meet requirements!! What's the point if each bank uses their own models.


Select Wall Street banks cleared to use own risk models

"Goldman Sachs, JPMorgan and Citigroup are among the banks that have successfully completed trial runs using their own models to assess risk and capital requirements.

However, Citi said in a statement that the Fed allowed it to use its own models only after insisting it changed its capital calculation. Under the new calculation agreed with the Fed, Citi’s assets increased by $56bn and its main capital ratio fell from 10.5 per cent to 10.1 per cent.

The announcement by the Federal Reserve and the Office of the Comptroller of the Currency on Friday gives those banks clarity on what methods they can use to calculate their capital requirements.

Morgan Stanley, Bank of New York Mellon, State Street, Northern Trust Corporation and US Bancorp were also among the banks that successfully completed "


B of A and Wells Fargo may have already met the requirement, but not on this list!!