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.
The Federal Reserve Board ("FRB") amended the "capital plan rule" to limit the scope of potential objections to a firm's capital plan on the basis of "qualitative deficiencies in the firm's capital planning process."
within Intellectual Property, Government, Public Sector, Food, Drugs, Healthcare and Life Sciences topic(s)
with readers working within the Consumer Industries industries
The Federal Reserve Board ("FRB") amended the "
capital plan rule" to limit the scope of potential
objections to a firm's capital plan on the basis of
"qualitative deficiencies in the firm's capital planning
process." With the exception for firms that have received a
qualitative objection in the immediately prior year, the FRB will
not issue a qualitative objection to any firm, beginning on January
1, 2021.
Separately, the FRB provided instructions for the 18 firms that
are subject to the 2019 Comprehensive Capital Analysis and Review
("CCAR") exercise. The FRB's annual CCAR is
an evaluation of the "capital adequacy" of the largest
U.S. bank holding companies and the U.S. intermediate holding
companies of foreign banking organizations.
The FRB final rule is effective immediately.
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.
