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bcreg20140218a1

bcreg20140218a1

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Published by: MarketsWiki on Feb 19, 2014
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03/19/2014

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1
FEDERAL RESERVE SYSTEM 12 CFR Part 252 Regulation YY; Docket No. 1438 RIN 7100-AD-86 Enhanced Prudential Standards for Bank Holding Companies and Foreign Banking Organizations AGENCY
: Board of Governors of the Federal Reserve System (Board).
ACTION
: Final rule; request for public comment on Paperwork Reduction Act burden estimates only.
SUMMARY
: The Board is adopting amendments to Regulation YY (12 CFR part 252) to implement certain of the enhanced prudential standards required to be established under section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act for bank holding companies and foreign banking organizations with total consolidated assets of $50 billion or more. The enhanced prudential standards include risk-based and leverage capital requirements, liquidity standards, requirements for overall risk management (including establishing a risk committee), stress-test requirements, and a 15-to-1 debt-to-equity limit for companies that the Financial Stability Oversight Council (Council) has determined pose a grave threat to financial stability. The amendments also establish risk-committee requirements and capital stress-testing requirements for certain bank holding companies and foreign banking organizations with total consolidated assets of $10 billion or more. The rule does not impose enhanced prudential standards on nonbank financial companies designated by the Council for supervision by the Board.
 
 
2
DATES
: Effective date: June 1, 2014. Comments must be submitted on the Paperwork Reduction Act burden estimates only by [INSERT 60 DAYS FROM PUBLICATION IN THE FEDERAL REGISTER].
 ADDRESSES
: You may submit comments on the Paperwork Reduction Act burden estimates only, identified by Docket No. R-1438 and RIN 7100 AD 86, by any of the following methods:
 
 
Agency Website:
 
Federal eRulemaking Portal:
 http://www.regulations.gov. Follow the instructions for submitting comments.
 
E-mail:
 regs.comments@federalreserve.gov. Include docket and RIN numbers in the subject line of the message.
 
FAX:
 (202) 452-3819 or (202) 452-3102.
 
Mail:
 Robert deV. Frierson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, NW, Washington, DC 20551. All public comments are available from the Board
s website at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper form in Room MP-500 of the Board
s Martin Building (20th and C Streets, NW; Washington, DC 20551) between 9:00 a.m. and 5:00 p.m. on weekdays.
FOR FURTHER INFORMATION CONTACT
: Mark E. Van Der Weide, Senior Associate Director, (202) 452-2263, Elizabeth MacDonald, Senior Supervisory Financial Analyst, (202) 475-6316, Jordan Bleicher, Supervisory Financial Analyst, (202) 973-6123, Division of Banking
 
 
3 Supervision and Regulation; or Laurie Schaffer, Associate General Counsel, (202) 452-2277, or Christine E. Graham, Counsel, (202) 452-3005, Legal Division.
 Risk-based and Leverage Capital Requirements
: Anna Lee Hewko, Deputy Associate Director, (202) 530-6260, or Elizabeth MacDonald, Senior Supervisory Financial Analyst, (202) 475-6316, Division of Banking Supervision and Regulation; or Benjamin W. McDonough, Senior Counsel, (202) 452-2036, or April C. Snyder, Senior Counsel, (202) 452-3099, Legal Division.
 Liquidity Requirements
: David Emmel, Manager, (202) 603-9017, Division of Banking Supervision and Regulation; or April C. Snyder, Senior Counsel, (202) 452-3099, or Dafina Stewart, Senior Attorney, (202) 452-3876, Legal Division.
 Risk Management and Risk Committee Requirements
: David E. Palmer, Senior Supervisory Financial Analyst, (202) 452-2904, Division of Banking Supervision and Regulation; or Jeremy C. Kress, Attorney, (202) 872-7589, Legal Division.
Stress-test requirements:
 Tim Clark, Senior Associate Director, (202) 452-5264, Lisa Ryu, Deputy Associate Director, (202) 263-4833, or Joseph Cox, Financial Analyst, (202) 452-3216, Division of Banking Supervision and Regulation; or Benjamin W. McDonough, Senior Counsel, (202) 452-2036, or Christine E. Graham, Counsel, (202) 452-3005, Legal Division.
 Debt-to-Equity Limits
: Elizabeth MacDonald, Senior Supervisory Financial Analyst, (202) 475-6316, Division of Banking Supervision and Regulation; or Benjamin W. McDonough, Senior Counsel, (202) 452-2036, or David W. Alexander, Senior Attorney, (202) 452-2877, Legal Division.
U.S. Intermediate Holding Company Requirement for Foreign Banking Organizations:
 Elizabeth MacDonald, Senior Supervisory Financial Analyst, (202) 475-6316, Division of Banking Supervision and Regulation; or Benjamin W. McDonough, Senior Counsel, (202) 452-

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