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On November 5, the Federal Reserve Board issued a final rule implementing Section 622 of the Dodd-Frank Act, which generally prohibits a financial company from combining with another company if the ratio of the resulting company’s liabilities exceeds 10% of the aggregate consolidated liabilities of all financial companies.
On November 5, the Federal Reserve Board issued
a final rule implementing Section 622 of the Dodd-Frank
Act, which generally prohibits a financial company from
combining with another company if the ratio of the resulting
company's liabilities exceeds 10% of the aggregate consolidated
liabilities of all financial companies. Press Release. Final Rule.
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