The FDIC and the Federal Reserve Board finalized guidance regarding the submission of the resolution plans with respect to certain large foreign banking organizations.
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The Federal Reserve Board proposed amendments to conform the capital planning, regulatory reporting and stress capital buffer requirements for certain firms to the requirements under the FRB's tailoring framework.
The Federal Reserve Board voted to approve individual large bank capital requirements. The requirements will go into effect on October 1, 2020.
The Federal Reserve Board found the 2020 Dodd-Frank stress test results demonstrate that, despite suffering substantial losses under a "severely adverse" scenario, large banks " could continue lending to businesses and households."
The Federal Reserve Board final rule to (i) simplify the requirements for large banks subject to capital plan rules and (ii) implement a stress capital buffer requirement was published in the Federal Register.