Body of Law:
A Federal Reserve Board ("FRB") final rule to conform the capital planning, regulatory reporting and stress capital buffer requirements to those under the FRB's October 2019 prudential standards framework (see previous coverage) was published in the Federal Register. The final rule will go into effect on April 5, 2021.
The Federal Reserve Board adopted amendments that conform the capital planning, regulatory reporting and stress capital buffer requirements for "Category IV" firms to the requirements under the FRB's October 2019 prudential standards framework.
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