United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2018_register executive 2018-11-06 article Part II Rules and Regulations D09002ee1c7e35f0d D09002ee1c7e36009 United States Federal Reserve System originator org United States Government Agency or Subagency The Board is adopting a final rule (final rule) to establish single-counterparty credit limits for bank holding companies and foreign banking organizations with $250 billion or more in total consolidated assets, including any U.S. intermediate holding company of such a foreign banking organization with $50 billion or more in total consolidated assets, and any bank holding company identified as a global systemically important bank holding company under the Board's capital rules. The final rule implements section 165(e) of the Dodd- Frank Wall Street Reform and Consumer Protection Act, which requires the Board to impose limits on the amount of credit exposure that such a bank holding company or foreign banking organization can have to an unaffiliated company in order to reduce the risks arising from the company's failure. 83 FR 38460 https://www.govinfo.gov/app/details/FR-2018-08-06/2018-16133 2018-16133 fr06au18-14 6210-01-P Regulation YY Docket No. R-1534 https://www.govinfo.gov/app/details/FR-2018-08-06/2018-16133 https://www.govinfo.gov/content/pkg/FR-2018-08-06/html/2018-16133.htm https://www.govinfo.gov/content/pkg/FR-2018-08-06/pdf/2018-16133.pdf Administrative Practice and Procedure Banks Banking Federal Reserve System Holding Companies Reporting and Recordkeeping Requirements Securities 52 p. 38460 38511 83 FR 38460 Title 12 Part 252 12 CFR Part 252 Single-Counterparty Credit Limits for Bank Holding Companies and Foreign Banking Organizations; Federal Register Vol. 83, Issue RULE 2018-16133 II FEDERAL RESERVE SYSTEM 2018-10-05 Regulation YY Docket No. R-1534 6210-01-P 2018-16133 Final rule.

The Board is adopting a final rule (final rule) to establish single-counterparty credit limits for bank holding companies and foreign banking organizations with $250 billion or more in total consolidated assets, including any U.S. intermediate holding company of such a foreign banking organization with $50 billion or more in total consolidated assets, and any bank holding company identified as a global systemically important bank holding company under the Board's capital rules. The final rule implements section 165(e) of the Dodd- Frank Wall Street Reform and Consumer Protection Act, which requires the Board to impose limits on the amount of credit exposure that such a bank holding company or foreign banking organization can have to an unaffiliated company in order to reduce the risks arising from the company's failure.

The final rule is effective October 5, 2018. Laurie S. Schaffer, Associate General Counsel, (202) 452-2272, Benjamin W. McDonough, Assistant General Counsel, (202) 452-2036, Pamela G. Nardolilli, Special Counsel, (202) 452-3289, Christopher G. Callanan, Senior Attorney, (202) 452-3594, or Lucy O. Chang, Senior Attorney, (202) 475-6331, Legal Division; or Arthur Lindo, Deputy Director, (202) 452-2695, or Jeffery Zhang, Economist, (202) 736-1968, Division of Supervision and Regulation; Board of Governors of the Federal Reserve System, 20th and C Streets NW, Washington, DC 20551. For the hearing impaired only, Telecommunications Device for the Deaf (TDD) users may contact (202) 263-4869. Administrative Practice and Procedure Banks Banking Federal Reserve System Holding Companies Reporting and Recordkeeping Requirements Securities Single-Counterparty Credit Limits for Bank Holding Companies and Foreign Banking Organizations , http://www.bis.org/press/p140415.htm http://www.fsb.org https://www.bis.org/bcbs/publ/d424.pdf https://www.federalreserve.gov/aboutthefed/boardmeetings/sccl-paper-20160304.pdf Vol. 83, no. 151 Office of the Federal Register, National Archives and Records Administration 2018-08-06 continuing daily deposited born digital 417 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2018-08-06 P0b002ee19da43aab 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr06au18 https://www.govinfo.gov/app/details/FR-2018-08-06 https://www.govinfo.gov/content/pkg/FR-2018-08-06/pdf/FR-2018-08-06.pdf https://www.govinfo.gov/content/pkg/FR-2018-08-06/xml/FR-2018-08-06.xml fdlp 38245 38655 DGPO 2018-11-06 2024-06-01 FR-2018-08-06 machine generated eng FR FR-2018-08-06 83 151