Federal regulators this week gave Bank of America the green light to begin using its own formula for calculating its risk-based capital.

Both the Federal Reserve and the Office of the Comptroller of the Currency said that BofA and its subsidiary banks had successfully completed the “parallel runs” necessary to start using the “advanced approaches” capital framework beginning in the fourth quarter.

That framework implements standards developed by the Basel Committee on Banking Supervision and applies to large, internationally active banking organizations with at least $250 billion in total consolidated assets or at least $10 billion in total foreign exposure.