Federal Register: Agencies Propose Requiring GSIBs to Hold Additional Capital against Holdings of TLAC Debt

A Federal Reserve Board, the FDIC and the Office of the Comptroller of the Currency proposal requiring U.S. global systemically important banking organizations ("GSIBs") to hold additional capital against the holdings of total loss-absorbing capacity ("TLAC") debt issued by other GSIBs was published in the Federal Register. Comments must be submitted by June 7, 2019 (see prior coverage).