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FRS | RIN: 7100-AE48 | Publication ID: Fall 2018 |
Title: Regulation YY--Single-Counterparty Credit Limits for Large Banking Organizations (Docket No: R-1534) | |
Abstract:
The final rule 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 final rule, 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: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Yes | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 252 | |
Legal Authority: 12 U.S.C. 321 12 U.S.C. 1818 12 U.S.C. 1844(b) 12 U.S.C. 1844(c) 12 U.S.C. 5365 ... |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Yes | Government Levels Affected: None |
Small Entities Affected: Businesses | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: Yes | |
Agency Contact: 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 |