The Federal Reserve Board, FDIC and the Office of the Comptroller of the Currency detailed an interim approach to rules and associated reporting requirements affected by the Economic Growth, Regulatory Relief, and Consumer Protection Act.
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The Federal Reserve Board ("FRB") rule proposal tailoring the application of prudential standards to U.S. bank holding companies and applying enhanced standards to certain large savings and loan holding companies was published in the Federal Register. Comments on the rule proposal must be received by January 22, 2019. As previously covered , the rule proposal would establish categories of prudential standards in order to align requirements with a firm's risk profile. The FRB-only proposal would tailor prudential standards regarding capital stress testing, risk management, liquidity risk
The Federal Reserve Board ("FRB") proposed a rule that would tailor the application of prudential standards to U.S. bank holding companies and apply enhanced standards to certain large savings and loan holding companies. The FRB, FDIC, and Office of the Comptroller of the Currency (collectively, the "agencies") separately proposed changes that would tailor the application of the agencies' capital and liquidity rules to large U.S. banking organizations. Both proposals would establish categories of prudential standards in order to align requirements with a firm's risk profile. According to the
The Federal Reserve Board, FDIC and OCC joint final rule to tailor the application of the agencies' capital and liquidity rules to large U.S. banking organizations was published in the Federal Register.
The Federal Reserve Board finalized rules that will tailor the application of prudential standards to U.S. bank holding companies and apply enhanced standards to certain large savings and loan holding companies.