Tracks financial services regulatory developments and provides insight and commentary
Just before the end of 2014, the President signed legislation amending the Dodd-Frank Wall Street Reform and Consumer Protection Act to clarify capital requirements for insurance companies that own banks.
On December 18, 2014, the President signed S. 2270, the Insurance Capital Standards Clarification Act of 2014 (Pub. Law No. 113-279). S. 2270 amended…
On December 30, 2014, the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) published in the Federal Register interim final rules amending their capital, lending limit and liquidity regulations to ensure that they are not affected by the implementation of special resolution regulations in jurisdictions outside the United States and…
On December 18, 2014, the Federal Reserve Board published in the Federal Register a Notice of Proposed Rulemaking that would impose additional capital requirements for the largest and most interconnected US bank holding companies. This surcharge would be in addition to the capital conservation buffer already required under existing bank holding company capital requirements. If…
On September 3, 2014, the US federal banking regulators (the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of Comptroller of the Currency) announced the final adoption of the liquidity coverage ratio for large financial institutions under their supervision. The liquidity coverage ratio, or LCR, requires that covered banking organizations maintain sufficient…
On September 3, 2014, the US banking agencies (the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of Comptroller of the Currency) issued a final rule adjusting the calculation of the supplementary leverage ratio in order to conform to recently adopted recommendations of the Basel Committee of the Bank for International Settlements,…
