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Sunday,
November 04, 2018 11.20AM / By The Fed
The
Federal Reserve Board on Friday finalized a new supervisory rating system for
large financial institutions that is aligned with the core areas most important
to supporting a large firm's safety and soundness and U.S. financial stability.
The
Board's post-crisis supervisory program for large financial institutions
focuses on capital, liquidity, and the effectiveness of its governance and
controls. In each of those areas, supervisors will use the new rating system to
assign a confidential rating to the firms.
The
new rating system will apply to all domestic bank holding companies and
non-insurance, non-commercial savings and loan holding companies with $100 billion
or more in total consolidated assets, which is a change from the $50 billion
threshold originally proposed.
The
new rating system will also apply to U.S. intermediate holding companies of
foreign banking organizations with $50 billion or more in total consolidated
assets as proposed.
The
Federal Reserve will continue to apply its existing rating system for bank
holding companies with less than $100 billion in total consolidated assets. The
existing rating system will also be adopted for non-insurance, non-commercial
savings and loan holding companies with less than $100 billion in total
consolidated assets.
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