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FRS | RIN: 7100-AE82 | Publication ID: Spring 2018 |
Title: Regulations K and LL--Large Financial Institution Rating System (Docket No: R-1569) | |
Abstract:
The Board of Governors of the Federal Reserve System (Board) is seeking comment on a proposed new rating system for its supervision of large financial institutions. The proposed "Large Financial Institution Rating System" is closely aligned with the Federal Reserve's new supervisory program for large financial institutions. The proposed rating system would apply to all bank holding companies with total consolidated assets of $50 billion or more; all non-insurance, non-commercial savings and loan holding companies with total consolidated assets of $50 billion or more; and U.S. intermediate holding companies of foreign banking organizations established pursuant to the Federal Reserve's Regulation YY. The proposed rating system includes a new rating scale under which component ratings would be assigned for capital planning and positions, liquidity risk management and positions, and governance and controls; however, a standalone composite rating would not be assigned. The Board proposes to assign initial ratings under the new rating system during 2018. The Board is also seeking comment on proposed revisions to existing provisions in Regulations K and LL so they would remain consistent with certain features of the proposed rating system. |
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Agency: Federal Reserve System(FRS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 249 12 CFR 252.34 12 CFR 252.35 | |
Legal Authority: 12 U.S.C. 1843 |
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 | |
Agency Contact: Richard Naylor Associate Director Federal Reserve System Division of Supervision and Regulation, Washington, DC 20551 Phone:202 728-5854 April C. Snyder Manager Federal Reserve System Division of Banking Supervision and Regulation, Washington, DC 20551 Phone:202 452-3099 Scott Tkacz Senior Counsel Federal Reserve System Legal Division, Washington, DC 20551 Phone:202 452-2744 |