Changes to Applicability Thresholds for Regulatory Capital Requirements for Certain U.S. Subsidiaries of Foreign Banking Organizations and Application of Liquidity Requirements to Foreign Banking Organizations, Certain U.S. Depository Institution Holding Companies, and Certain Depository Institution Subsidiaries

14 organizations filed 15 public comments on Changes to Applicability Thresholds for Regulatory Capital Requirements for Certain U.S. Subsidiaries of Foreign Banking Organizations and Application of Liquidity Requirements to Foreign Banking Organizations, Certain U.S. Depository Institution Holding Companies, and Certain Depository Institution Subsidiaries, at the Office of the Comptroller of the Currency. The comment window closed 2594d ago.

Abstract

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (collectively, the agencies) are inviting comment on a proposal that would determine the application of regulatory capital requirements to certain U.S. intermediate holding companies of foreign banking organizations and their depository institution subsidiaries and the application of standardized liquidity requirements with respect to certain U.S. operations of large foreign banking organizations and certain of their depository institution subsidiaries, each according to risk-based categories. For liquidity, the proposal would require a foreign banking organization that meets certain criteria to comply with liquidity coverage ratio and net stable funding ratio requirements with respect to any U.S. intermediate holding company and certain depository institution subsidiaries thereof; in addition, the Board is not proposing but is requesting comment on whether it should impose standardized liquidity requirements on such foreign banking organizations with respect to their U.S. branch and agency networks, as well as possible approaches for doing so. The proposal is consistent with a separate proposal issued by the Board that would apply certain prudential standards to foreign banking organizations based on the same categories, and is similar to a proposal issued by the agencies in 2018 that would determine the application of regulatory capital and standardized liquidity requirements for large U.S. banking organizations according to risk- based categories (the domestic interagency proposal). In addition, the Board is modifying one aspect of the proposed requirements under the domestic interagency proposal with respect to certain banking organizations; specifically, to propose the application of a standardized liquidity requirement to certain U.S. depository institution holding companies that meet specified criteria relating to their liquidity risk profile. The agencies are also making technical amendments to certain provisions of the domestic interagency proposal.

Commenters (14)

• American Bankers Associationtrade assoc.

  2 filings · confidence 97%
• Bank Policy Institutetrade assoc.

  1 filing · confidence 97%
• Barclays US LLCunverified attribution

  1 filing · confidence 70%
• Canadian Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Committee on Capital Markets Regulationtrade assoc.

  1 filing · confidence 85%
• European Banking Federationtrade assoc.

  1 filing · confidence 85%
• Institute of International Bankerstrade assoc.

  1 filing · confidence 85%
• Institute of International Financetrade assoc.

  1 filing · confidence 85%
• Japan Financial Services Agency (JFSA) and Bank of Japanunverified attribution

  1 filing · confidence 70%
• Japanese Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Japanese Bankers Association (JBA) and Canadian Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Mizuho Financial Group Incunverified attribution

  1 filing · confidence 70%
• U.S. Chamber of Commerce

  1 filing · confidence 97%
• UBS Americas Holding LLCunverified attribution

  1 filing · confidence 70%