Banking agencies proposed increasing the major assets prohibition thresholds for management interlock rules.
News & Insights
The Office of the Comptroller of the Currency, the Federal Reserve Board and the FDIC adopted a final rule to increase the major asset prohibition thresholds for management interlock rules.
An article on the effective date for the Federal Reserve Board, OCC and FDIC joint final rule increasing the major asset prohibition thresholds for the management interlock rule misstated the effective date as October 9, 2019. The correct effective date is October 10, 2019.
The Office of the Comptroller of the Currency, Federal Reserve Board and FDIC joint final rule to increase the major asset prohibition thresholds for management interlock rule was published in the Federal Register.
The Senate Committee on Banking, Housing, and Urban Affairs considered key nominations at the FDIC, FRB and FSOC.