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Regulatory News

These announcements give prompt notice of amendments and proposed amendments to Federal Reserve regulations and policies, summarize them, and provide links to full information.

Sept. 4, 2018

The federal financial agencies have extended the public comment deadline on a proposed interagency rule to simplify and tailor compliance requirements for the “Volcker Rule,” which restricts banking entities’ ability to engage in proprietary trading and own or control hedge funds or private equity funds. The deadline is October 17, 2018.

Aug. 31, 2018

A new interim final rule, effective today, requires the federal banking agencies to treat municipal obligations as a high-quality liquid asset (HQLAs) under their liquidity coverage ratio rules if those obligations are considered "liquid and readily marketable" and "investment grade." Companies covered by the liquidity coverage ratio rules must maintain an amount of HQLAs equal to or greater than their projected total net cash outflows over a prospective 30 calendar-day period. The changes implement requirements in the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018. The deadline for public comment is October 1, 2018.

Aug. 30, 2018

A new interim final rule, effective today, expands coverage of the Small Bank Holding Company and Savings and Loan Holding Company Policy Statement to BHCs and SLHCs with up to $3 billion in total consolidated assets. The changes implement requirements in the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018. The Policy Statement allows certain holding companies of small depository institutions to operate with higher debt levels than would normally be permitted. The deadline for public comment is October 29, 2018.

Aug. 29, 2018

A new interim final rule, effective today, allows qualifying insured depository institutions with up to $3 billion in total consolidated assets to be eligible for an 18-month examination cycle. The changes implement requirements in the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018. The deadline for public comment is October 29, 2018.

May 14, 2018

A new proposed joint interagency rule, published today in the Federal Register, would revise regulatory capital rules in light of a new accounting standard for credit losses, the “Current Expected Credit Losses” (CECL) methodology. The proposal would allow banking organizations to phase in the regulatory capital effects resulting from adoption of the CECL methodology, which the Financial Accounting Standards Board issued in 2016 to replace the existing incurred-loss methodology for certain financial assets. The deadline for public comment is July 13, 2018.

April 25, 2018

A new proposed Board of Governors (Board) rule, published today in the Federal Register, would simplify the Board’s regulatory capital regime for bank holding companies with $50 billion or more in total consolidated assets and certain U.S. intermediate holding companies of foreign banking organizations. The rule would amend the Board's capital plan rule, capital rule, stress testing rules, and Stress Testing Policy Statement. The deadline for public comment is June 25, 2018.

April 20, 2018

Portions of Regulation A that had been deleted through a previous amendment have been reinstated. The deletions were unintentional and the restored portions are now in effect.

April 19, 2018

A new proposed interagency rule, published today in the Federal Register, would more narrowly tailor the leverage ratio requirements of domestic holding companies identified as global systemically important banking organizations (GSIBs). The proposed rule would tie a GSIB's enhanced supplementary leverage ratio to its risk-based capital surcharge, which is already tailored to the GSIB's individual characteristics. The deadline for public comment is May 21, 2018.

April 9, 2018

A new final interagency rule, effective today, increases, from $250,000 to $500,000, the threshold at which appraisals of commercial real estate are required.

March 15, 2018

A new proposed rule, published today in the Federal Register, would simplify provisions of Regulation J, remove obsolete provisions, and improve consistency between it and the recently amended Regulation CC. The deadline for public comment is May 14, 2018.

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