"Although compliance is not without impact, it is manageable," the company said in its second-quarter earnings presentation. The company also said it expected its largest bank subsidiary's compliance with the new 6% supplementary Basel III Tier 1 leverage requirement "will follow" the holding company's compliance.

JPMorgan Chase is also required to raise its Basel III Tier 1 common equity ratio to 9.5% by the end of 2018. The company estimated this ratio was 9.3% as of June 30, "including the estimated impact of final Basel III rules issued on July 2, 2013."

Considering that the Federal Reserve felt comfortable with the company raising its dividend significantly and repurchasing up to $6 billion in common shares through March 2014, despite the "London Whale" hedge trading losses of at least $6.2 billion during 2012, it appears that regulators are very comfortable that JPMorgan will easily comply with Basel III.


-- Written by Philip van Doorn in Jupiter, Fla.

>Contact by Email.

Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.

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