On August 10, the Board of Governors of the Federal Reserve System (Board) clarified Regulation II (Debit Card Interchange Fees and Routing) regarding the inclusion of transaction-monitoring costs in the interchange fee standard.
Continue Reading Federal Reserve Issues Clarification of Debit Card Interchange Rule in Response to Court Action
Federal Reserve Board
Federal Reserve Issues Final Rule Requiring GSIBs to Bolster Capital
By Jeffrey M. Werthan on
Posted in Banking
The Federal Reserve Board on July 20 approved a final rule requiring the largest, most systemically important US bank holding companies to further strengthen their capital positions. Under the rule, a firm that is identified as a global systemically important bank (GSIB) holding company will have to hold additional capital “to increase its resiliency in light of the greater threat it poses to the financial stability of the United States.”
Continue Reading Federal Reserve Issues Final Rule Requiring GSIBs to Bolster Capital
Federal Reserve Proposes Changes to Capital Planning and Stress Testing Regulations
By Jeffrey M. Werthan on
Posted in Banking
The Federal Reserve Board on July 19 proposed a rule to modify its capital planning and stress testing regulations. The proposed changes would take effect for the 2016 capital plan and stress testing cycles. For all banking organizations, the proposal would remove the tier 1 common capital ratio requirement. For large bank holding companies, the…