WASHINGTON, Oct. 2 -- Federal Reserve System has issued a rule called: Modifications to the Capital Plan Rule and Stress Capital Buffer Requirement.
The rule was published in the Federal Register on Oct. 2 by Michele Taylor Fennell, Associate Secretary of the Board.
Summary: The Board is adopting a final rule to amend the calculation of the Board's stress capital buffer requirement applicable to certain large bank holding companies, savings and loan holding companies, U.S. intermediate holding companies of foreign banking organizations, and nonbank financial companies supervised by the Board to reduce the volatility of the stress capital buffer requirement. The final rule uses the average of the maximum common equity tier 1 capital ratio ...