Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Tag Archives: GSIB

Federal Reserve Adopts Final Rule for Single Counterparty Credit Limit

Posted in Banking
On June 19, the Federal Reserve adopted a final rule that sets overall single counterparty credit limits for global systemically important banking entities (GSIBs) and US bank holding companies with at least $250 billion in total consolidated assets. The new rule implements section 165(e) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which… Continue Reading

Federal Reserve Board Proposes Restrictions on Qualified Financial Contracts Used by Systemically Important Banking Organizations

Posted in Banking, Dodd-Frank Developments
On May 3, the Board of Governors of the Federal Reserve System (Board) reviewed a draft rule proposal that would require any US bank holding company identified as a global systemically important banking organization (GSIB), its subsidiaries and the US operations of any foreign GSIB (Covered Entities) to comply with new restrictions regarding non-cleared qualified… Continue Reading

Federal Reserve Issues Final Rule Requiring GSIBs to Bolster Capital

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… Continue Reading