OCC Publishes Liquidity Coverage Ratio Proposed Banking Regulations (Fed. Reg. Version)

The Office of the Comptroller of the Currency ("OCC"), the Board of Governors of the Federal Reserve System ("FRB") and the Federal Deposit Insurance Corporation ("FDIC") have published new rules in the Federal Register to strengthen the liquidity positions of large financial institutions. The proposal would for the first time create a standardized minimum liquidity requirement for large, internationally active and systemically important banking organizations (i.e., banking organizations with more than $250 billion in total assets or more than $10 billion in on-balance sheet foreign exposure, and to their consolidated subsidiaries that are depository institutions with $10 billion or more in total consolidated assets), as well as nonbank financial companies designated by the Financial Stability Oversight Council.

See: 78 FR 71818.Related news: Liquidity Coverage Ratio Proposed Banking Regulations (Pre-Fed. Reg. Version) (October 24, 2013).