Tag Archives: regulatory capital

Toomey: Time to Rethink CCAR

In a letter yesterday to Federal Reserve Chair Janet Yellen, Sen. Pat Toomey (R-Pa.) called for the Fed to do away with its Comprehensive Capital Analysis Review process for banks with $10 billion or more in assets.

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NCUA Issues Alternate Capital Proposal for CUs

The National Credit Union Administration today published an advanced notice of proposed rulemaking to expand the types of investment capital that federally insured credit unions could use to meet certain regulatory requirements.

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Fed, OCC Release 2017 Stress Test Scenarios

The Federal Reserve today released the three economic and financial market scenarios that it will use in the next round of the Comprehensive Capital Analysis and Review process for 34 of the nation’s largest financial institutions, including one participating in CCAR for the first time.

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ABA: Five-Year CECL Capital Transition Needed

Citing potential high volatility in credit loss allowances under the CECL accounting standard, ABA recently called on the Basel Committee for Banking Supervision to allow banks a minimum of five years to phase into regulatory capital the incremental allowances for credit losses under the CECL standard at the time of initial implementation.

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Fed to Evaluate Large Bank ‘Living Wills,’ Fintech in 2017

Speaking at a legal event in Washington, D.C., today, Federal Reserve General Counsel Scott Alvarez outlined several issues the agency will focus on in 2017, including certain regulatory relief measures and the entrance of nonbank fintech companies into the Federal Reserve System.

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IRS Issues Guidance on Tax Treatment of TLAC Debt

The Internal Revenue Service has issued a revenue procedure that provides guidance on the tax treatment of certain internal debt that is required to be issued by intermediate holding companies to parent foreign holding companies to meet recently finalized total loss absorbing capacity, or TLAC, requirements.

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Fed Approves Final TLAC Rule

The Federal Reserve Board today finalized a rule on how much total loss absorbing capacity, or TLAC, the eight U.S. global systemically important banks are required to hold.

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