Agencies Finalize Three Rules Issued as Part of Pandemic Response
The federal banking agencies today finalized several rules originally issued as interim final rules during the spring weeks of the emergency coronavirus response.
Browsing: Regulatory capital
Fed Issues Large Bank Capital Requirements
The Federal Reserve today issued individual capital requirements, taking effect Oct. 1, for banks with more than $100 billion in total assets.
Quarles: Post-2008 Reforms Aided Large Banks’ Pandemic Response
Regulatory reforms adopted by the world’s largest banks have bolstered the financial system’s ability to absorb the sudden economic shocks of the coronavirus pandemic, Federal Reserve Vice Chairman for Supervision Randal Quarles, who also chairs the Financial Stability Board, said in a speech today.
Fed, FDIC Provide Details on ‘Living Wills’ for Largest Banks
The FDIC and the Federal Reserve today provided information to eight large financial institutions to guide their targeted resolution plan submissions, which are due July 1, 2021.
Powell: Fed ‘Not Looking to Raise Capital Standards During Crisis’
Testifying before the House Financial Services Committee today, Federal Reserve Chairman Jerome Powell again emphasized the strong position of the financial sector going into the COVID-19 pandemic and noted that banks have performed well in their response to the crisis.
Fed: Most Banks Remain ‘Sufficiently Capitalized’ in COVID Stress Scenarios
All 33 banks participating in the Federal Reserve’s 2020 supervisory stress tests would remain above minimum regulatory capital levels under three COVID-related downside scenarios.
Quarles: Large Bank Stress Tests to Assess Industry Performance Under COVID-19 Scenarios
The latest stress test results for the nation’s largest banks will include a “sensitivity analysis” of how institutions would perform under three distinct scenarios related to the coronavirus pandemic and economic recovery, Federal Reserve Vice Chairman for Supervision Randal Quarles said today.
Agencies Allow Temporary SLR Exclusion for Treasury Securities, Reserve Bank Deposits
In an effort to enable banks to safely expand their balance sheets to meet the needs of customers during the coronavirus pandemic, federal banking regulators on Friday issued an interim final rule allowing depository institutions to temporarily exclude U.S. Treasury securities and deposits at Federal Reserve Banks from the calculation of the supplementary leverage ratio.
ABA Warns of Unintended Consequences of Proposed CECL Capital Phase-In Delay
In a comment letter to the financial regulatory agencies today, ABA warned of potential unintended consequences that could arise as a result of a recent interim final rule delaying the three-year phase-in of the regulatory capital effects of the CECL standard for two years.