On 26 June 2014, the Board of Governors of the Federal Reserve System ("Federal Reserve Board") announced that data is now available for use evaluating the individual systemic footprint of 33 large US bank holding companies. The data covers five categories often used when considering the potential systemic risk of a banking organization: size; interconnectedness; complexity; substitutability, which is a measure of how easily a firm's activities can be replaced by another firm; and cross-jurisdictional activity, which includes foreign liabilities and claims.
The information will be published annually based on data from the previous calendar year.
The full text of the Federal Reserve Board press release announcing the publication is available at: http://www.federalreserve.gov/newsevents/press/bcreg/20140626a.htm.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
