Federal banking regulators will give banks up to four quarters to phase in final risk-based capital rules, the agencies said in a joint press release on Thursday.

The rules generally subject banks to higher risk-based regulatory capital requirements by changing how they must account for items like securitized assets, which, once treated as off-balance-sheet items, now would have to be accounted for on their balance sheets.

"The rule better aligns risk-based capital requirements with the actual risks of certain exposures," the agencies said.

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