The OCC, the Federal Reserve Board and the FDIC proposed long-term debt requirements for large banking entities, holding companies, foreign banking organizations and large insured depository institutions to facilitate resolvability in the event of failure and to reduce the risk of contagion within the financial system.
News & Insights
The Office of the Comptroller of the Currency published a "Subordinated Debt" booklet of the Comptroller's Licensing Manual.
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 Federal Reserve Bank of New York issued a new policy on counterparties for all domestic and foreign market operations. The new policy includes reduced capital requirements applicable to broker-dealer counterparties, including primary dealers in government securities.
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.