eTrade 2010 Annual Report Download - page 10
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The current risk-based capital guidelines that apply to E*TRADE Bank are based upon the 1988 capital
accord of the International Basel Committee on Banking Supervision (“BCBS”), a committee of central banks
and bank supervisors, as implemented by the U.S. federal banking agencies, including the OTS. On
September 12, 2010, the Group of Governors and Heads of Supervision (“GHOS”), the oversight body of the
BCBS, announced agreement on the calibration and phase-in arrangements for a strengthened set of capital
requirements, known as the Basel III Accords. The final Basel III Accords were released on December 16, 2010
and are subject to individual adoption by member nations, including the U.S. beginning January 1, 2013. The
GHOS agreement is intended to strengthen the prudential standards for large and internationally active banks and
is not directly applicable to us; however, it may impact how the U.S. regulators implement the Dodd-Frank Act
for other banking institutions, including the possibility of higher capital requirements. The full impact of the
GHOS agreement on the regulatory requirements to which we will be subject is unclear, and will remain
unknown for at least some time until implementing capital regulations are proposed and adopted. We will
continue to monitor the ongoing rule-making process to assess both the timing and the impact of the Dodd-Frank
Act and Basel III Accords on our business.
For additional regulatory information on our brokerage and banking regulations, see Note 20—Regulatory
Requirements of Item 8. Financial Statements and Supplementary Data beginning on page 154.
AVAILABLE INFORMATION
We make our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K,
and amendments to those reports, available free of charge at our website as soon as reasonably practicable after
they have been filed with the SEC. Our website address is www.etrade.com.
The public may read and copy any materials we file with the SEC at the SEC’s Public Reference Room at
100 F Street, NE, Washington, DC 20549. The public may obtain information of the Public Reference Room by
calling the SEC at 1-800-SEC-0330. The SEC maintains a website that contains the materials we file with the
SEC at www.sec.gov.
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