Hogan Lovells Cadwalader is a global law firm trusted by clients to deliver on complex, high-stakes matters.
Operating at the intersection of business, finance, and government, we bring an unwavering commitment to client service and the decisive counsel that helps clients achieve exceptional results.
Consistently recognized for innovation across legal services, we combine sharp judgment with deep commercial perspective and intellectual rigor to address critical, cutting-edge challenges.
With 3,100 lawyers worldwide, we offer global scale with strong local insight in the markets that matter most. Our commitment extends beyond client work through pro bono activities, community investment, and responsible business practices.
In a final rule designed to simplify capital requirements for qualifying community banks, the Federal Reserve Board ("FRB") corrected instructional errors.
In a final rule designed to simplify capital requirements for
qualifying community banks, the Federal Reserve Board
("FRB") corrected instructional errors. The
corrections were published in the Federal Register.
As previously covered, the community bank leverage
ratio framework is a "simple alternative methodology to
measure capital adequacy." The final rule is intended to
provide regulatory relief to smaller banking organizations,
consistent with Section 201 of the Economic Growth, Regulatory Relief and Consumer
Protection Act.
The final rule will become effective on January 1, 2020, and the
community bank leverage ratio framework will become available on
March 31, 2020. The correction is effective as of January 1,
2020.
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.
