OCC And FRB Extend Comment Deadline For Enhanced Supplementary Leverage Ratio

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Cadwalader, Wickersham & Taft LLP

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The comment period, which was originally set to expire on May 21, was extended to June 25, 2018.
United States Finance and Banking

The Office of the Comptroller of the Currency ("OCC") and the Board of Governors of the Federal Reserve System ("FRB") extended the comment period regarding a proposed rule to amend the standards for the enhanced supplementary leverage ratio ("eSLR"). The comment period, which was originally set to expire on May 21, was extended to June 25, 2018.

As previously covered, the proposal would recalibrate and align the eSLR for global systemically important bank holding companies, and also amend the corresponding total loss-absorbing capacity requirements.

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