The Federal Reserve Board amended the capital plan rule to limit the scope of potential objections to a firm's capital plan on the basis of "qualitative deficiencies in the firm's capital planning process."
Federal Reserve Board Governor Jerome Powell lauded the progress made by the U.S. financial system since the financial crisis and identified five areas that could benefit from additional regulatory reform.
The Board of Governors of the Federal Reserve System adopted a final policy statement that describes the framework that the Board will follow in setting the U.S. countercyclical capital buffer. The final policy statement was published in the Federal Register.
The Board of Governors of the Federal Reserve System approved a final policy statement describing the framework that the Board will follow under Regulation Q, in setting the amount of the U.S. countercyclical capital buffer.
FDIC Vice Chair Thomas M. Hoenig asserted that "while there has been progress in improving capital regulation, much remains undone." In remarks made before the 18th Annual International Banking Conference at the Federal Reserve Bank of Chicago, he argued "there is no place for complacency regarding the stability of our financial system."
The Board of Governors of the Federal Reserve System ("FRB") Associate Director of Banking Supervision and Regulation Thomas Sullivan stated that the FRB is constructing a domestic regulatory capital framework for its supervised insurance holding companies that is "well tailored to the business of...
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