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Effective Date: Final Rule to Tailor Requirements in Capital Plan Rule

The Board of Governors of the Federal Reserve System (FRB) issued a final rule to tailor the requirements in its capital plan rule (capital plan rule) based on risk. Specifically, as indicated in FRB’s October 2019 rulemaking that updated the prudential framework for large bank holding companies and 
U.S. intermediate holding companies of foreign banking organizations (tailoring framework), the final rule modifies the capital planning, regulatory reporting, and stress capital buffer requirements for firms subject to “Category IV” standards under the framework. To be consistent with recent changes to FRB’s stress testing rules, the final rule makes other changes to FRB’s stress testing rules, Stress Testing Policy Statement, and regulatory reporting requirements, such as the assumptions relating to business plan changes and capital actions and the publication of company-run stress test results for savings and loan holding companies. The final rule also applies the capital planning and stress capital buffer requirements to covered saving and loan holding companies subject to Category II, Category III, and Category IV standards under the tailoring framework. Read more here

  • April 5, 2021
  • Time: All Day