The Federal Reserve Board, FDIC and OCC joint final rule to tailor the application of the agencies' capital and liquidity rules to large U.S. banking organizations was published in the Federal Register. The final rule is effective on December 31, 2019.
As previously covered, the joint final rule was designed to align with a newly approved framework which creates four asset- and risk-based levels of compliance requirements for banks having $100 billion or more in total assets.
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.