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| FRS | RIN: 7100-AE48 | Publication ID: Spring 2016 |
| Title: ●Regulation YY--Single-Counterparty Credit Limits for Large Banking Organizations (Docket No: R-1534) | |
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Abstract:
Notice of proposed rulemaking that would establish single-counterparty credit limits for domestic and foreign bank holding companies with $50 billion or more in total consolidated assets. The proposed rules would implement section 165(e) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires the Board to impose limits on the amount of credit exposure that such a domestic or foreign bank holding company can have to an unaffiliated company in order to reduce the risks arising from the company's failure. The proposed rules, which build on earlier proposed rules by the Board to establish single-counterparty credit limits for large domestic and foreign banking organizations, would increase in stringency based on the systemic importance of the firms to which they apply. |
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| Agency: Federal Reserve System(FRS) | Priority: Substantive, Nonsignificant |
| RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
| Major: No | Unfunded Mandates: No |
| CFR Citation: 12 CFR 252 | |
| Legal Authority: 12 U.S.C. 610 12 U.S.C. 1376 12 U.S.C. 1611 12 U.S.C. 203 ... | |
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Legal Deadline:
None |
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Timetable:
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| Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
| Federalism: No | |
| Included in the Regulatory Plan: No | |
| RIN Data Printed in the FR: No | |
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Agency Contact: Jordan Bleicher Supervisory Financial Analyst Federal Reserve System Division of Banking Supervision and Regulation, Washington, DC 20551 Phone:202 973-6123 Benjamin McDonough Associate General Counsel Federal Reserve System Legal Division, Washington, DC 20551 Phone:202 452-2036 Laurie Schaffer Deputy General Counsel Federal Reserve System Legal Division, Washington, DC 20551 Phone:202 452-2272 |
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