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FDIC | RIN: 3064-AE12 | Publication ID: Spring 2015 |
Title: Regulatory Capital Rules: Regulatory Capital, Revisions to the Supplementary Leverage Ratio | |
Abstract:
In May 2014, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the Agencies) issued a notice of proposed rulemaking (NPR or proposed rule) to revise the definition of the denominator of the supplementary leverage ratio (total leverage exposure) that the Agencies adopted in July 2013 as part of comprehensive revisions to the Agencies’ regulatory capital rules (2013 revised capital rule). The Agencies are adopting the proposed rule as final (final rule) with certain revisions and clarifications based on comments received on the proposed rule. The final rule revises total leverage exposure as defined in the 2013 revised capital rule to include the effective notional principal amount of credit derivatives and other similar instruments through which a banking organization provides credit protection (sold credit protection); modifies the calculation of total leverage exposure for derivative and repo-style transactions; and revises the credit conversion factors applied to certain off-balance sheet exposures. The final rule also changes the frequency with which certain components of the supplementary leverage ratio are calculated and establishes the public disclosure requirements of certain items associated with the supplementary leverage ratio. The final rule applies to all banks, savings associations, bank holding companies, and savings and loan holding companies (banking organizations) that are subject to the Agencies’ advanced approaches risk-based capital rules, as defined in the 2013 revised capital rule (advanced approaches banking organizations), including advanced approaches banking organizations that are subject to the enhanced supplementary leverage ratio standards that the Agencies finalized in May 2014 (eSLR standards). Consistent with the 2013 revised capital rule, advanced approaches banking organizations will be required to disclose their supplementary leverage ratios beginning January 1, 2015, and will be required to comply with a minimum supplementary leverage ratio capital requirement of 3 percent and, as applicable, the eSLR standards beginning January 1, 2018.
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Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Completed Actions |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 324 | |
Legal Authority: 12 U.S.C. 1815(a) 12 U.S.C. 1815(b) 12 U.S.C. 1816 12 U.S.C. 1818(a) ... |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Related Agencies: Joint: TREAS/OCC, FRS; | |
Agency Contact: Bobby R. Bean Associate Director Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-6705 Email: bbean@fdic.gov Ryan Billingsley Chief, Capital Policy Section Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3797 Email: rbillingsley@fdic.gov Karl Reitz Chief, Capital Markets Strategies Section Federal Deposit Insurance Corporation 550 17th Street NW., Washington, DC 20429 Phone:202 898-6775 Email: kreitz@fdic.gov Michael Phillips Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3581 Email: mphillips@fdic.gov |