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FRS | RIN: 7100-AE03 | Publication ID: Spring 2015 |
Title: Regulation WW--Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring (Docket No: R-1466) | |
Abstract:
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC), have finalized a rule that implements quantitative liquidity requirements consistent with the liquidity coverage ratio standard established by the Basel Committee on Banking Supervision. The requirement is designed to promote short-term resilience of the liquidity risk profile of internationally active banking organizations thereby improving the banking sectors ability to absorb shocks arising from financial and economic stress, as well as improvements in the measurement of liquidity risk. The rule applies to all internationally active banking organizations generally bank holding companies certain savings and loan holding companies and depository institutions with more than $250 billion in total assets or more than $10 billion in on-balance sheet foreign exposure and to their consolidated subsidiary depository institutions with $10 billion or more in total consolidated assets. The rule became effective January 1, 2015. The Board also finalized on its own a modified liquidity coverage ratio standard that is less stringent than the full LCR by reducing net outflows by 30 percent. The modified LCR applies to bank holding companies and certain savings and loan holding companies that have $50 billion or more in consolidated assets but do not meet the threshold described above. The modified LCR becomes effective January 1, 2016. |
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Agency: Federal Reserve System(FRS) | 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 249 | |
Legal Authority: 12 U.S.C. 248(a) 12 U.S.C.321 12 U.S.C.481 12 U.S.C. 1818 ... |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Yes | Government Levels Affected: None |
Small Entities Affected: Organizations | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: Yes | |
Agency Contact: Dafina Stewart Senior Counsel Federal Reserve System Legal Division, Washington, DC 20551 Phone:202 452-3876 Constance Horsley Deputy Associate Director Federal Reserve System Division of Supervision and Regulation, Washington, DC 20551 Phone:202 452-5239 Anna Lee Hewko Associate Director Federal Reserve System Division of Supervision and Regulation, Washington, DC 20551 Phone:202 530-6260 |