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Published on Monday, December 15, 2014

Federal Government Proposes Rule to Strengthen Capital Positions of Largest U.S. Bank Holing Companies

The Fed proposed a rule to strengthen the capital positions of the largest most systemically important U.S. bank holding companies.  The proposal establishes a methodology to identify whether a U.S. bank holding company is a GSIB - a global systemically important banking organization.  A firm identified as a GSIB would be subject to a risk-based capital surcharge that is calibrated its systemic risk profile.  Eight U.S. firms would currently be identified as GSIBs under the proposal:  Bank of America, Bank of NY Mellon, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley, State Street and Wells Fargo.  [With an acronym and the terms systemic, methodology and risk profile, it has to be from the Fed.] Read more here.

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Author: Smillie, Monica

Categories: National Banking

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