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FRS | RIN: 7100-AE18 | Publication ID: Spring 2015 |
Title: Regulation XX--Concentration Limits on Large Financial Companies (Docket No: R-1489) | |
Abstract:
Proposed rulemaking (NPR) that would implement section 622 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which adds a new section 14 to the Bank Holding Company Act of 1956, that establishes a financial sector concentration limit that generally prohibits a financial company from merging or consolidating with, or acquiring, another company if the resulting company's liabilities upon consummation would exceed 10 percent of the aggregate liabilities of all financial companies as calculated under that section. In addition, the proposal would establish reporting requirements for certain financial companies which are necessary to implement section 622. |
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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 225 | |
Legal Authority: 12 U.S.C. 1852 |
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 | |
Agency Contact: Christine Graham Counsel Federal Reserve System Legal Division, Washington, DC 20551 Phone:202 452-3005 Dean Amel Senior Economist Federal Reserve System Research and Statistics Division, Phone:202 452-2911 Sean Healey Senior Financial Analyst Federal Reserve System Banking Supervision & Regulation Division, Phone:202 912-4611 Laurie Schaffer Deputy General Counsel Federal Reserve System Legal Division, Washington, DC 20551 Phone:202 452-2272 |