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- Brexit deal means nothing unless it considers threats to financial services, says ArchOver expired
- Study finds a third of adult children have never discussed finances with their parents expired
- Bank of America reports record earnings for 2018 expired
- Citigroup reports healthy profit for 2018, after net loss in 2017 expired
- Goldman Sachs posts double-digit revenue growth for 2018 expired
- Wells Fargo made significant progress on goals in 2018, says CEO expired
9th November 2018
Fed Board finalises new supervisory rating system for large banks
The Federal Reserve Board has finalised 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 US financial stability.
The Board's post-crisis supervisory programme 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 $100bn or more in total consolidated assets, which is a change from the $50bn threshold originally proposed. The new rating system will also apply to US intermediate holding companies of foreign banking organisations with $50bn 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 $100bn 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 $100bn in total consolidated assets.