These announcements give prompt notice of amendments and proposed amendments to Federal Reserve regulations and policies, summarize them, and provide links to full information.
The Board of Governors has extended the deadline for public comment on its new proposed rule to require global systemically important banks to hold new minimum levels of long-term debt and “total loss-absorbing capacity.” The new deadline for public comment is February 19, 2016.
The Board of Governors has extended the deadline for public comment on its new proposed policy statement explaining the factors the Board would consider as it sets the Countercyclical Capital Buffer, which is intended to help the largest banking organizations absorb shocks that arise when credit conditions worsen. The new deadline for public comment is March 21, 2016.
The Board of Governors has released the supervisory scenarios for the 2016 Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act stress test exercises and has issued instructions to firms participating in CCAR. This year, CCAR will include 33 bank holding companies with $50 billion or more in total consolidated assets.
A new proposed policy statement from the Board of Governors explains the factors the Board would consider as it sets the Countercyclical Capital Buffer, which is intended to help the largest banking organizations absorb shocks that arise when credit conditions worsen. The deadline for public comment on the proposed policy statement is February 19, 2016.
New guidance from the Board of Governors explains capital planning expectations for all large financial institutions and clarifies differences in those expectations based on firm size and complexity.
A new joint interagency statement emphasizes the importance of prudent risk management related to commercial real estate lending. The statement, which reinforces existing guidance, is a response to growth in many CRE asset and lending markets, increased competitive pressures, rising CRE concentrations in banks, and an easing of CRE underwriting standards.
As part of their decennial effort to identify outdated or unnecessary regulations, the federal bank regulatory agencies have requested comment on regulations related to rules of procedure, safety and soundness, and securities. The deadline for public comment is March 22, 2016.
A new final rule will modify the Federal Reserve’s capital plan and stress-testing rules. Largely similar to the proposed rule, the changes will take effect for the 2016 capital plan and stress-testing cycle.
The Operating Committee of the Federal Reserve’s Large Institution Supervision Coordinating Committee, which coordinates supervision of the largest, most systemically important financial institutions in the U.S., will oversee the establishment of minimum operating and documentation standards for all supervisory activities and oversee the development of new training materials for large financial institution supervisory teams. The Federal Reserve Banks of New York and Richmond have also added new resources to their dedicated supervisory teams to ensure consistency in their supervisory approaches.
A new proposed rule would require large banking organizations to disclose data related to their liquidity coverage ratios, including their quarterly consolidated liquidity coverage ratios, their high-quality liquid asset amounts, and their projected net cash outflow amounts. The deadline for public comment is February 2, 2016.